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42994 W Arizona Court Maricopa, AZ 85138

4 Beds 3 Baths 3,736 sqft Built 2009

$350,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
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.

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

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

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

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
$1,790
1$1,7902$1,7953$1,9994$2,100
$2,100
RENT COMPS ANALYSIS
  • 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
Ron Hollingsworth
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162545
Last Updated: 11/19/2020
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.

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