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42815 W Arizona Avenue Maricopa, AZ 85138

5 Beds 3 Baths 4,157 sqft Built 2007

$384,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $92.59
  • 2 Days on Market
  • MLS # : 6190853
  • Updated Date : 02/07/2021 at 01:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,157 sqft
  • Baths : 3 full
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

This beautiful home has 5 bedrooms, plus a large loft, 3 bath, and 1 downstairs bed and bathroom. Features granite countertops, large granite island, huge pantry, stainless appliances, tile flooring throughout, new carpeting, and 3 car garage. Owner just had the home custom painted on the interior and exterior in January 2021. Master bedroom has double sinks, separate tub and shower and walk in closet. All the secondary bedrooms are large and have walk in closets too. Ceiling fans throughout. Come see today before it's gone.

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

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
 

$346,410$423,390$384,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,337
Property Tax -$360
Property Insurance -$108
HOA -$19
Property Management Fees -$99
CASH FLOW
-$393

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.

$384,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.40%

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-$8.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.37

    LIST RENT PER SQFT
  • $1,600

    COMP ESTIMATED VALUE
  • $0.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5303$1,5504$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 42815 W Arizona Avenue Maricopa, AZ 2
    • 5 beds 3 baths ∙ 4,157 Sqft ∙ Built 2007 5 beds 3 baths ∙ 4,157 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.37
    •  
  • 43620 W Cowpath Road Maricopa, AZ 1
    • 5 beds 3 baths ∙ 4,147 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,147 Sqft ∙ Built 2005
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.36
    •  
  • 43589 W Cowpath Road Maricopa, AZ 3
    • 5 beds 3 baths ∙ 4,157 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,157 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.37
    •  
  • 19350 N Ibis Way Maricopa, AZ 4
    • 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2007 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2007
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.41
    •  
  • 18405 N Stonegate Road Maricopa, AZ 5
    • 6 beds 5 baths ∙ 4,282 Sqft ∙ Built 2006 6 beds 5 baths ∙ 4,282 Sqft ∙ Built 2006
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.40
    •  
PROPERTY LISTING DETAILS
Tina Clowes
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190853
Last Updated: 02/07/2021
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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