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42167 W Cheyenne Drive Maricopa, AZ 85138

4 Beds 3 Baths 2,161 sqft Built 2013

$309,999

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $143.45
  • 4 Days on Market
  • MLS # : 6167376
  • Updated Date : 12/05/2020 at 13:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,161 sqft
  • Baths : 3 full
Listing Agent

Pivotal Real Estate Solutions, Llc

Listing Agent's Description

This is a light & bright 4 bedroom 3 bath open floorpan, new carpet, new paint inside, large dining room, a gourmet kitchen with granite countertops, a double oven and a conversational island. Other highlights include a spacious master suite, easy to maintain front & backyard, covered patio and INCLUDES FREE SOLAR! 100% PAID OFF AND YOURS TO USE!!

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
Desert Wind Middle School Middle Regular 414 20 4
Maricopa High School High Regular 1,796 70 3

Saddleback Elementary School

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

Desert Wind Middle School

  • Education Level: Middle
  • # of students: 414
  • # of teachers: 20
4
GreatSchools Rating

Maricopa High School

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

$278,999$340,999$309,999

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,144
Property Tax -$290
Property Insurance -$69
HOA -$72
Property Management Fees -$99
CASH FLOW
-$254

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.

$309,999

PROJECTED PRICE

$1,420

PROJECTED RENT

0.46%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,499
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,453

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4203$1,4504$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 42167 W Cheyenne Drive Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.66
    •  
  • 43249 W Jeremy Street Maricopa, AZ 1
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 19505 N Ventana Lane Maricopa, AZ 3
    • 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.64
    •  
  • 18849 N Leland Road Maricopa, AZ 4
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2007
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.66
    •  
  • 42478 W Cheyenne Drive Maricopa, AZ 5
    • 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 2007
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.72
    •  
PROPERTY LISTING DETAILS
Byron Applegate
Pivotal Real Estate Solutions, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167376
Last Updated: 12/05/2020
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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