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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $159.02
- 4 Days on Market
- MLS # : 6186866
- Updated Date : 01/30/2021 at 00:17
CONSTRUCTION
- Beds : 3
- Floor Size : 2,201 sqft
- Baths : 2 full
Listing Agent
The Maricopa Real Estate Co
Listing Agent's Description
Beautiful single story 3 bedroom 2 bath home in the popular Villages subdivision!! Upgrade Galore! Kitchen has pull out cabinets, gas stove, under counter lights, kitchen island and spacious cabinets. The kitchen opens up to the large great room and separate dining area. Home has fireplace, built in surround sound speakers throughout, ceiling fans, carpet and tile in all the right places. The master bedroom has a large walk in closet and double sink vanity in master bathroom with separate shower and tub. The beautifully landscaped backyard offers view fencing, built in grill and bar, pre-wired 220 for Hot Tub and soft water pool with removable fence! Home has a 3 car tandem garage with epoxy flooring. The HVAC was replaced 8 yrs ago. Call today to view this home!! Won't last!
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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 | $1,430 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$327 | |
| Property Insurance | -$70 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$310
|
||
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
$1,430
PROJECTED RENT
0.41%
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
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
1.25
YEARS SAVED
$2,007
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
-
$1,546
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
43319 W Delia Boulevard Maricopa, AZ 1
- 3 beds 2 baths ∙ 2,201 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,201 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $0
- $0.00
-
22118 N Lakeside Drive Maricopa, AZ 2
- 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,450
- $0.68
-
44170 W Mcintosh Circle Maricopa, AZ 3
- 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2005
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.67
-
43402 W Oster Drive Maricopa, AZ 4
- 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
-
43225 W Askew Drive Maricopa, AZ 5
- 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,252 Sqft ∙ Built 2004
LEASED 09/05/20- Rent
- Rent Per SQFT
- $1,650
- $0.73
PROPERTY LISTING DETAILS
The Maricopa Real Estate Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186866
Last Updated: 01/30/2021
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.
