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43313 W Cowpath Road Maricopa, AZ 85138

5 Beds 3 Baths 2,221 sqft Built 2006

$250,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $112.56
  • 4 Days on Market
  • MLS # : 6174415
  • Updated Date : 12/24/2020 at 11:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,221 sqft
  • Baths : 3 full
Listing Agent

Precision Real Estate

Listing Agent's Description

Gorgeous, updated, 5 bedroom 3 bath home in Senita with no neighbors behind! Desirable open floor plan with one bedroom and full bath downstairs that is perfect for guests. The large family room opens to the spacious kitchen equipped with ample cherry cabinets & granite countertops, a breakfast bar, and a walk-in pantry. Upstairs you'll find a large loft with vaulted ceilings. A large master bedroom with master bath that features dual sinks & walk-in closet, + upstairs laundry. This home has many upgrades including new carpet & paint, neutral tile, wood and wrought iron staircase and railing, ceiling fans in every bedroom, 2 inch blinds, and even the garage has upgraded epoxy flooring. Outside there's a large backyard with a covered patio, mature tree, and brick border for a new lawn.

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
Maricopa High School Middle Regular 1,796 70 3
Maricopa High School High Regular 1,796 70 3

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 33
5
GreatSchools Rating

Maricopa High School

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

Maricopa High School

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

$225,000$275,000$250,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$922
Property Tax -$234
Property Insurance -$70
HOA -$19
Property Management Fees -$99
CASH FLOW
$35

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.

$250,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.55%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$20,476

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
  • $1,327

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,3504$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 43313 W Cowpath Road Maricopa, AZ 1
    • 5 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18774 N Ibis Way Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2007
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.54
    •  
  • 43830 W Maricopa Avenue Maricopa, AZ 3
    • 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.58
    •  
  • 43182 W Cowpath Road Maricopa, AZ 4
    • 5 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,221 Sqft ∙ Built 2006
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.63
    •  
  • 19505 N Ventana Lane Maricopa, AZ 5
    • 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2007
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.64
    •  
PROPERTY LISTING DETAILS
Jim Brown
Precision Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174415
Last Updated: 12/24/2020
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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