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42475 W Oakland Drive Maricopa, AZ 85138

3 Beds 2 Baths 2,170 sqft Built 2003

$299,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $138.20
  • 3 Days on Market
  • MLS # : 6189491
  • Updated Date : 02/06/2021 at 14:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,170 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

Incredible opportunity in Rancho El Dorado, Maricopa's premier community. This pampered 3 bed +den, 2 bath, 2 car garage home features formal living/dining, great room design kitchen/family room, granite counters, stainless appliances including double oven, refrigerator, and built-in microwave. Garage features newer water heater and built-in cabinets! Tile floors throughout except for bedrooms and formal area, wood shutters, master bath with separate tub and shower and separate exit to patio. Recent interior and exterior paint. A very well kept move-in ready home you don't want to miss.

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
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,042
Property Tax -$280
Property Insurance -$69
HOA -$15
Property Management Fees -$99
CASH FLOW
-$115

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.

$299,900

PROJECTED PRICE

$1,390

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,517

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,411

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3903$1,4504$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 42475 W Oakland Drive Maricopa, AZ 2
    • 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.64
    •  
  • 42606 W Chambers Drive Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2004
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.63
    •  
  • 22013 N Van Loo Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.63
    •  
  • 22200 N Vargas Drive Maricopa, AZ 4
    • 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.63
    •  
  • 22226 N Van Loo Drive Maricopa, AZ 5
    • 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 2003
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
PROPERTY LISTING DETAILS
Jason Liborio
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189491
Last Updated: 02/06/2021
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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