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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
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
-
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
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6154380
Last Updated: 10/31/2020
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.
