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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $149.08
- 2 Days on Market
- MLS # : 6196948
- Updated Date : 02/20/2021 at 20:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,113 sqft
- Baths : 2 full
Listing Agent
The Maricopa Real Estate Co
Listing Agent's Description
SINGLE LEVEL home with a great floorplan in the wonderful Canterra section of The Villages. 4 Bedrooms, 2 Bathrooms. The kitchen has been remodeled with beautiful quartz counters and wood like tile added to living areas. Large Master bedroom with separate tub/shower, dual sinks. Sun shades on many windows and ceiling fans throughout. The community has many features like 2 community pools, gym, meda/clubhouse space, tennis courts, walking paths and more!
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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 | $1,400 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$294 | |
| Property Insurance | -$68 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$184
|
||
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.
$315,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.44%
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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
2.42
YEARS SAVED
$5,460
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,463
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
43260 W Mccord Drive Maricopa, AZ 2
- 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,400
- $0.66
-
43249 W Jeremy Street Maricopa, AZ 1
- 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
-
43882 W Arizona Avenue Maricopa, AZ 3
- 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
-
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
The Maricopa Real Estate Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196948
Last Updated: 02/20/2021
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.
