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42309 W Desert Fairways Drive Maricopa, AZ 85138

5 Beds 3 Baths 1,913 sqft Built 2004

$320,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $167.28
  • 2 Days on Market
  • MLS # : 6209949
  • Updated Date : 03/20/2021 at 04:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,913 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Wow! 5 bedroom, 3 bathroom, single level split floor plan on a great North South interior lot! Kitchen opens to large great room. Refrigerator, washer, dryer, fireplace, tv and tv stand are not included in this sale

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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
Desert Wind Middle School Middle Regular 414 20 4

Desert Wind Middle School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,111
Property Tax -$299
Property Insurance -$64
HOA -$14
Property Management Fees -$99
CASH FLOW
-$178

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.

$320,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.44%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,502

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3253$1,3954$1,5955$1,700
$1,700
RENT COMPS ANALYSIS
  • 42309 W Desert Fairways Drive Maricopa, AZ 1
    • 5 beds 3 baths ∙ 1,913 Sqft ∙ Built 2004 5 beds 3 baths ∙ 1,913 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 42417 W Desert Fairways Drive Maricopa, AZ 2
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2004
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.81
    •  
  • 43554 W Bedford Drive Maricopa, AZ 3
    • 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 2002
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 41341 W Parkhill Drive Maricopa, AZ 4
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 2009
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 41919 W Chambers Court Maricopa, AZ 5
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2005
    property image
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
PROPERTY LISTING DETAILS
Miguel Angel Tzompantzi
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209949
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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