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43271 W Little Drive Maricopa, AZ 85138

4 Beds 2 Baths 2,563 sqft Built 2003

$375,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $146.31
  • 4 Days on Market
  • MLS # : 6162570
  • Updated Date : 11/19/2020 at 15:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,563 sqft
  • Baths : 2 full
Listing Agent

Desert Properties Realty

Listing Agent's Description

A MOVE in READY, WHISTLE CLEAN OVERSIZED GOLF COURSE LOT in Rancho El Dorado, the ONLY GOLF community in Maricopa**SUPERB model, FOUR bedrooms, MASTER SPLIT, LARGE EXPANSIVE Backyard overlooking the 8th green**AS soon as you enter you will fall in love with this tastefully decorated home!**Porcelain tile through-out, carpet in bedroom areas**Kitchen has GORGEOUS Hickory cabinets, tiled backsplash, Kitchenaid appliances, GAS DOUBLE oven stove**Large kitchen island, granite countertops**Built in spice rack in pantry**RV GATE**soft water loop**RO just serviced**Firepit and additional patio seating**BUILT in BBQ**Utility sink**Lemon, blood orange and lime fruit trees**Outdoor lighting on LED sensors**All Appliances stay**This one will NOT last long***

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
Pima Butte Elementary School Primary Regular 489 23 8
Pima Butte Elementary School Middle Regular 489 23 8
Maricopa High School High Regular 1,796 70 3

Pima Butte Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
8
GreatSchools Rating

Pima Butte Elementary School

  • Education Level: Middle
  • # of students: 489
  • # of teachers: 23
8
GreatSchools Rating

Maricopa High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,384
Property Tax -$350
Property Insurance -$77
HOA -$15
Property Management Fees -$99
CASH FLOW
-$415

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.

$375,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.40%

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$6.0k$8.0k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,570

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,4504$1,5755$1,600
$1,600
RENT COMPS ANALYSIS
  • 43271 W Little Drive Maricopa, AZ 1
    • 4 beds 2 baths ∙ 2,563 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,563 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21382 N Reinbold Drive Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2003
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.58
    •  
  • 42709 W Anne Lane Maricopa, AZ 3
    • 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 2004
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.63
    •  
  • 43292 W Oakland Court Maricopa, AZ 4
    • 4 beds 2 baths ∙ 2,416 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,416 Sqft ∙ Built 2002
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.65
    •  
  • 44120 W Kramer Lane Maricopa, AZ 5
    • 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.59
    •  
PROPERTY LISTING DETAILS
Carol Lynn Letcher
Desert Properties Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162570
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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