Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

42985 W Kingfisher Drive Maricopa, AZ 85138

3 Beds 2 Baths 2,044 sqft Built 2013

$339,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2013
  • Price/Sqft : $166.29
  • 30 Days on Market
  • MLS # : 6141939
  • Updated Date : 10/28/2020 at 10:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,044 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Want to buy a MOVE IN READY home that looks just like a MODEL? This gorgeous TRENTO home has three full bedrooms PLUS a den! STUNNING kitchen with off white cabinetry, ornate hardware, granite countertops, glass tile backsplash, stainless steel appliances that includes a gas cooktop and double ovens. The gourmet kitchen offers plenty of storage with pull outs in all cabinets, pot and pan drawers, Lazy Susan and a walk in pantry! Beautiful neutral tile throughout the entire home with BRAND NEW carpet in the master, guest bedroom and den. The master retreat includes a bay window, separate his and her vanities, and a spacious master closet with custom built ins from California Closets. Plantation Shutters throughout the entire home have a lifetime warranty. SOLAR panels for electricity

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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,254
Property Tax -$318
Property Insurance -$67
HOA -$83
Property Management Fees -$99
CASH FLOW
-$431

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.

$339,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.41%

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

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,426

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,3904$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 42985 W Kingfisher Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.68
    •  
  • 42930 W Magnolia Road Maricopa, AZ 1
    • 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2008
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.67
    •  
  • 43249 W Jeremy Street Maricopa, AZ 2
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 42478 W Cheyenne Drive Maricopa, AZ 4
    • 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,069 Sqft ∙ Built 2007
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.72
    •  
  • 43402 W Oster Drive Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jill K Dames
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6141939
Last Updated: 10/28/2020
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.

BESbswy