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42531 W Palmyra Lane Maricopa, AZ 85138

3 Beds 2 Baths 1,916 sqft Built 2007

INVESTimate

$239,500

List Price

$1,270

$1,143 - $1,397

Rent Est.

$256,337  ( +7.03%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $125.00
  • 2 Days on Market
  • MLS # : 6122470
  • Updated Date : 08/25/2020 at 15:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,916 sqft
  • Baths : 2 full
Listing Agent

Cactus Mountain Properties, Llc

Listing Agent's Description

Make yourself comfortable in this meticulously maintained home. Gently lived in just for you. Formal living/dining. Upgraded dark cabinetry in the kitchen and laundry. SS appliances - refrigerator, washer and dryer included. Granite counter tops, tile back splash, breakfast bar. Beautiful electric fireplace in family room. Step out to your private landscaped backyard with extended patio and paver walkway around home. Irrigation replaced 1 year ago. Recessed lighting, wood blinds and ceiling fans. Tile floors except bedrooms. Your roomy master has a separate sitting room, walk-in and extra closets. 2 guest bedrooms & walk-through guest bath w/dual sinks. Furniture available on separate bill of sale. You also have an R/O system, tankless hot water & owned water softener, security.

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
 

$215,550$263,450$239,500

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$884
Property Tax -$236
Property Insurance -$65
HOA -$92
Property Management Fees -$99
CASH FLOW
-$105

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.

$239,500

PROJECTED PRICE

$1,270

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.03%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,218

INVESTMENT

$69,218

Down Payment
$59,875
Rehab Estimate
$5,750
Closing Costs
$3,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$884

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,875
Loan Amount $179,625
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,380

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,3003$1,3004$1,4755$1,500
$1,500
RENT COMPS ANALYSIS
  • 42531 W Palmyra Lane Maricopa, 1
    • 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.66
    •  
  • 42930 W Magnolia Road Maricopa, 2
    • 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2008
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.67
    •  
  • 42998 W Elizabeth Avenue Maricopa, 3
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 2009
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.72
    •  
  • 19166 N Lariat Road Maricopa, 4
    • 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.77
    •  
  • 42478 W Cheyenne Drive Maricopa, 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
Terry Sperry
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122470
Last Updated: 08/25/2020
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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