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42127 W Lunar Street Maricopa, AZ 85138

4 Beds 2 Baths 1,554 sqft Built 2017

$250,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $160.88
  • 4 Days on Market
  • MLS # : 6154380
  • Updated Date : 10/31/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,554 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Don't miss out on this fantastic opportunity to own this better than new 4bed/2bath corner lot Maricopa home. Great curb appeal with stone accents leads you into the light and bright interior featuring tile flooring, custom paint and an open concept floor plan. Gorgeous kitchen boasts granite counter tops, stainless steel appliances, recessed lighting, dark wood cabinets and a center island with breakfast bar. Perfect for gathering with friends and family. Lovely master with walk in closet and dual sinks. Enjoy relaxing in the low maintenance back yard with extended paver patio. Close to shopping, dining, schools, parks and so much more. See it today and make it yours!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85138

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k282k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 85138

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9681567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Saddleback Elementary School Primary Regular 505 24 4
Maricopa High School Middle Regular 1,796 70 3
Maricopa High School High Regular 1,796 70 3

Saddleback Elementary School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 24
4
GreatSchools Rating

Maricopa High School

  • Education Level: Middle
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating

Maricopa High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$922
Property Tax -$234
Property Insurance -$58
HOA -$73
Property Management Fees -$99
CASH FLOW
-$135

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$250,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,225

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,250

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,204

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2503$1,2504$1,2505$1,325
$1,325
RENT COMPS ANALYSIS
  • 42127 W Lunar Street Maricopa, AZ 4
    • 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,554 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
  • 17177 N Rosemont Street Maricopa, AZ 1
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 2018
    property image
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.77
    •  
  • 42458 W Monteverde Drive Maricopa, AZ 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
  • 42541 W Sussex Road Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.80
    •  
  • 42969 W Elizabeth Avenue Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.73
    •  
PROPERTY LISTING DETAILS
Thomas K Lynch Jr.
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154380
Last Updated: 10/31/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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