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42869 W Mallard Road Maricopa, AZ 85138

3 Beds 3 Baths 2,324 sqft Built 2018

$346,800

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $149.23
  • 2 Days on Market
  • MLS # : 6179105
  • Updated Date : 01/16/2021 at 23:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,324 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Success

Listing Agent's Description

This energy-efficient home is ready for you! The Redding offers spacious great room. Chat with guests from the open kitchen featuring 10' island with stagered cabinets. Head out back to the expansive private covered patio or your front court yard to see all your new friends. This home has tons of upgrades...wide driveway that leads to the over sized garage. Inside you have 3 bedrooms all w/walk in closets, 2.5 baths and a den with glass French doors. The split floor plan works great when you have guest. The master suite and bath is amazing. A barn door to the laundry from master closet is pretty cool too. You'll love living in Province (55+community) with onsite pools, spa and fitness center, 18-hole putting green, 9 pickle ball courts and more. better than new all the work is done.

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
Butterfield Elementary School Primary Regular 760 33 5
Desert Wind Middle School Middle Regular 414 20 4
Maricopa High School High Regular 1,796 70 3

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 33
5
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
 

$312,120$381,480$346,800

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,205
Property Tax -$402
Property Insurance -$72
HOA -$85
Property Management Fees -$99
CASH FLOW
-$353

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.

$346,800

PROJECTED PRICE

$1,510

PROJECTED RENT

0.44%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,652

INVESTMENT

$97,652

Down Payment
$86,700
Rehab Estimate
$5,750
Closing Costs
$5,202

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,205

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,700
Loan Amount $260,100
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,545

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,5104$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 42869 W Mallard Road Maricopa, AZ 3
    • 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,324 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.65
    •  
  • 19505 N Ventana Lane Maricopa, AZ 1
    • 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.64
    •  
  • 43882 W Arizona Avenue Maricopa, AZ 2
    • 3 beds 3 baths ∙ 2,222 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,222 Sqft ∙ Built 2005
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.65
    •  
  • 43410 W Wild Horse Trail Maricopa, AZ 4
    • 4 beds 2 baths ∙ 2,349 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,349 Sqft ∙ Built 2006
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.68
    •  
  • 44023 W Neely Drive Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2004
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
PROPERTY LISTING DETAILS
Julie Klinedinst
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179105
Last Updated: 01/16/2021
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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