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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $93.68
- 4 Days on Market
- MLS # : 6162545
- Updated Date : 11/19/2020 at 15:14
CONSTRUCTION
- Beds : 4
- Floor Size : 3,736 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
Giant home on corner lot of cul-de-sac with pool and 3 car garage now available in Maricopa! This house has over 3700sf which includes 4 bedrooms upstairs and a den with powder room on main floor. Upon entering the front door are the formal living and dining rooms.Just beyond is the open concept kitchen with granite counters & island, stainless steel appliances and pantry. Also downstairs is large laundry room with washer & dryer included! backyard has extended covered patio, fenced pool with water feature and custom mural. There is room for a garden and children's play area. Upstairs is a giant loft, 3 bedrooms and the owner's suite. The suite includes a separate shower and soaking tub, dual sinks, walk in closet and private water closet. Whole house surround system installed.
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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 | $1,790 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$374 | |
| Property Insurance | -$100 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$93
|
||
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.
$350,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.51%
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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
4
YEARS SAVED
$15,160
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.48
LIST RENT PER SQFT
-
$2,017
COMP ESTIMATED VALUE -
$0.54
COMP AVG. RENT PER SQFT
Comps Range
-
42994 W Arizona Court Maricopa, AZ 1
- 4 beds 3 baths ∙ 3,736 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,736 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,790
- $0.48
-
43615 W Bailey Drive Maricopa, AZ 2
- 4 beds 3 baths ∙ 3,509 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,509 Sqft ∙ Built 2005
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,795
- $0.51
-
21894 N Balboa Drive Maricopa, AZ 3
- 5 beds 3 baths ∙ 3,956 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,956 Sqft ∙ Built 2004
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,999
- $0.51
-
42010 W Carlisle Lane Maricopa, AZ 4
- 5 beds 4 baths ∙ 3,513 Sqft ∙ Built 2009 5 beds 4 baths ∙ 3,513 Sqft ∙ Built 2009
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,100
- $0.60
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162545
Last Updated: 11/19/2020
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.
