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42564 W Corvalis Lane Maricopa, AZ 85138

5 Beds 3 Baths 3,664 sqft Built 2006

$375,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $102.35
  • 4 Days on Market
  • MLS # : 6180961
  • Updated Date : 01/15/2021 at 18:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,664 sqft
  • Baths : 3 full
Listing Agent

Century 21 Northwest

Listing Agent's Description

Magnificent 5 bedroom, 3 bath home with HEATED PebbleTec diving pool and spa in desirable Glennwilde. Warm & welcoming palette, soaring ceilings, beautiful tile floors, window blinds, ceiling fans, & formal living/dining room. Center kitchen island, granite counters, pantry, & gorgeous white top cabinets w/blue lower cabinets. Kitchen opens to the inviting family room - perfect for entertaining!. French doors lead to the spacious covered patio from the breakfast area. Guest bedroom & bath on first level. Amazing loft area w/endless possibilities. Plush carpet in all the right places, generously sized bedrooms, Jack & Jill bath, ample closets, & laundry room w/sink & storage cabinets. Primary bedroom boasts a walk-in closet & private en suite w/dual sinks.

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,303
Property Tax -$350
Property Insurance -$99
HOA -$92
Property Management Fees -$99
CASH FLOW
-$92

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.

$375,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.49%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,964

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.5

    LIST RENT PER SQFT
  • $1,942

    COMP ESTIMATED VALUE
  • $0.53

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,8754$1,9995$2,100
$2,100
RENT COMPS ANALYSIS
  • 42564 W Corvalis Lane Maricopa, AZ 2
    • 5 beds 3 baths ∙ 3,664 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,664 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.50
    •  
  • 43615 W Bailey Drive Maricopa, AZ 1
    • 4 beds 3 baths ∙ 3,509 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,509 Sqft ∙ Built 2005
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.51
    •  
  • 43251 W Maricopa Avenue Maricopa, AZ 3
    • 5 beds 3 baths ∙ 3,735 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,735 Sqft ∙ Built 2006
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.50
    •  
  • 21894 N Balboa Drive Maricopa, AZ 4
    • 5 beds 3 baths ∙ 3,956 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,956 Sqft ∙ Built 2004
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.51
    •  
  • 42010 W Carlisle Lane Maricopa, AZ 5
    • 5 beds 4 baths ∙ 3,513 Sqft ∙ Built 2009 5 beds 4 baths ∙ 3,513 Sqft ∙ Built 2009
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.60
    •  
PROPERTY LISTING DETAILS
Patrick M Peach
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180961
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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