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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $167.57
- 2 Days on Market
- MLS # : 6164077
- Updated Date : 11/28/2020 at 02:15
CONSTRUCTION
- Beds : 2
- Floor Size : 1,850 sqft
- Baths : 2 full , 1 half
Listing Agent
United Brokers Group
Listing Agent's Description
This wonderful home sits on an oversized corner lot & features gravel landscaping w/low water plants and 2 car garage with 4ft extension. Inside you will find tile flooring in main areas, plantation shutters t/o, spacious living room, and den perfect for an office/studio. Fabulous eat-in kitchen showcases stainless steel appliances, staggered cabinets, pantry, granite countertops, and large center island w/breakfast bar. Master suite has carpet, back patio door, closet, and an immaculate bath with double sinks. Freshly manicured backyard offers a cobblestone covered patio where you can relax on a nice evening while enjoying your favorite beverage. Gorgeous 55+ active community offers resort-like amenities* 2018 water Softener
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$296 | |
| Property Insurance | -$63 | |
| HOA | -$83 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$166
|
||
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.
$310,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
2.67
YEARS SAVED
$7,717
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.82
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
42793 W Kingfisher Drive Maricopa, AZ
- 2 beds 3 baths ∙ 1,850 Sqft ∙ Built 2012 2 beds 3 baths ∙ 1,850 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $1,520
- $0.82
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164077
Last Updated: 11/28/2020
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.
