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42520 W Sea Eagle Drive Maricopa, AZ 85138

2 Beds 2 Baths 1,745 sqft Built 2013

$319,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $182.81
  • 3 Days on Market
  • MLS # : 6186765
  • Updated Date : 01/29/2021 at 08:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,745 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Spectacular Backyard Oasis with your very own Cocktail Pool and Spa! This backyard has over $50k in upgrades. Heated pool with waterfall feature and spa were built in 2019. Extended paver patio with pergola and built in gas fire pit offer ample space to entertain. Completely fenced backyard with mature landscaping offers a beautiful, peaceful setting with optimal privacy. The wonderful front courtyard offers another outdoor living space in this immaculate home. Gorgeous kitchen includes beautiful cabinetry, granite countertops, custom tile backsplash, and stainless steel appliances with gas for cooking. Hardwood floors throughout with tile in kitchen, bathrooms and laundry. Meritage built home includes three zoned HVAC with three separate thermostats and spray foam insulation for ...

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
Butterfield Elementary School Primary Regular 760 33 5
Desert Wind Middle School Middle Regular 414 20 4

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 33
5
GreatSchools Rating

Desert Wind Middle School

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

$287,100$350,900$319,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,108
Property Tax -$298
Property Insurance -$61
HOA -$85
Property Management Fees -$99
CASH FLOW
-$291

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.

$319,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.43%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,503

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,360
$1,360
RENT COMPS ANALYSIS
  • 42520 W Sea Eagle Drive Maricopa, AZ
    • 2 beds 2 baths ∙ 1,745 Sqft ∙ Built 2013 2 beds 2 baths ∙ 1,745 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jill K Dames
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186765
Last Updated: 01/29/2021
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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