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42528 W Desert Fairways Drive Maricopa, AZ 85138

3 Beds 2 Baths 1,685 sqft Built 2003

$265,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $157.27
  • 2 Days on Market
  • MLS # : 6185474
  • Updated Date : 01/30/2021 at 15:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,685 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Great single level 3 bedroom/ 2 full bath home in Maricopa's desirable Rancho El Dorado community. Enter to light and bright formal living and dining room. Nicely appointed kitchen area with smooth top range, microwave, island and a pantry. Kitchen opens to family room featuring door to back patio. Master suite has a walk-in closet and separate shower/tub, double sinks plus private exit to backyard. Soaring vaulted ceilings throughout, blinds and ceiling fans. Good-sized secondary bedrooms. Refrigerator, washer & dryer included. Spacious pool-sized backyard. Brand new Hot water tank!

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$920
Property Tax -$248
Property Insurance -$60
HOA -$15
Property Management Fees -$99
CASH FLOW
-$82

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.

$265,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.48%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$8,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,319

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3253$1,3504$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 42528 W Desert Fairways Drive Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.75
    •  
  • 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
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.81
    •  
  • 42656 W Venture Road Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.74
    •  
  • 42329 W Bunker Drive Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 2004
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.81
    •  
  • 22463 N Dietz Drive Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
PROPERTY LISTING DETAILS
Joann Ford
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185474
Last Updated: 01/30/2021
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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