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42978 W Magnolia Road Maricopa, AZ 85138

6 Beds 4 Baths 3,901 sqft Built 2007

$400,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $102.54
  • 3 Days on Market
  • MLS # : 6184220
  • Updated Date : 01/23/2021 at 02:45
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,901 sqft
  • Baths : 4 full
Listing Agent

West Usa Realty

Listing Agent's Description

Well appointed home with pool and 3 car garage in Maricopa now available! This SIX bedroom plus loft home has a full bedroom and bathroom downstairs! Immediately entering, you'll notice the custom framed windows, new hardwood floors and designer paint in the formal living and dining room. The bright open concept kitchen also has a custom island, refinished cabinets, two pantries, travertine floors and black appliances. Upstairs boasts a gigantic master bedroom with vaulted ceiling, walk in closet, dual sinks & separate toilet. Also upstairs are two remodeled full guest bathrooms and the remaining 4 bedrooms & cozy loft. The backyard features a sparkling pool with new dual speed pump, cool decking, pavers, huge covered patio, low maintenance landscaping and large greenbelt behind.

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,389
Property Tax -$374
Property Insurance -$103
HOA -$19
Property Management Fees -$99
CASH FLOW
-$315

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.

$400,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.42%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,318

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.43

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $0.45

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6703$1,6994$1,875
$1,875
RENT COMPS ANALYSIS
  • 42978 W Magnolia Road Maricopa, AZ 2
    • 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2007 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.43
    •  
  • 19350 N Ibis Way Maricopa, AZ 1
    • 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
    •  
  • 43316 W Kimberly Street Maricopa, AZ 3
    • 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2006 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2006
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.44
    •  
  • 43251 W Maricopa Avenue Maricopa, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Ron Hollingsworth
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184220
Last Updated: 01/23/2021
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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