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43377 W Magnolia Road Maricopa, AZ 85138

5 Beds 3 Baths 4,147 sqft Built 2006

$319,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $76.92
  • 4 Days on Market
  • MLS # : 6154404
  • Updated Date : 10/31/2020 at 15:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,147 sqft
  • Baths : 3 full
Listing Agent

Homesmart Success

Listing Agent's Description

This 5 bed/3 bath home with loft boasts: This home has a Large bedroom on the 1st floor with a walk in closet and full bath next to it. A door in the hall could be added to give this home 2 Master Bedrooms. New interior paint, new dishwasher, stove and microwave, Granite kitchen counters and island, formal dining, tile in all the wet and travel areas. staggered cabinets, HUGE pantry, 3 car garage, large loft, separate shower/tub, double sinks, front/back yard watering system, covered patio, wood blinds t/o, under stair storage and much more! Close to dining, shopping and entertainment.

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
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,177
Property Tax -$336
Property Insurance -$108
HOA -$68
Property Management Fees -$99
CASH FLOW
-$308

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.

$319,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.46%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.36

    LIST RENT PER SQFT
  • $1,638

    COMP ESTIMATED VALUE
  • $0.39

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5003$1,5504$1,6005$1,699
$1,699
RENT COMPS ANALYSIS
  • 43377 W Magnolia Road Maricopa, AZ 1
    • 5 beds 3 baths ∙ 4,147 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,147 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.36
    •  
  • 43620 W Cowpath Road Maricopa, AZ 2
    • 5 beds 3 baths ∙ 4,147 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,147 Sqft ∙ Built 2005
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.36
    •  
  • 43589 W Cowpath Road Maricopa, AZ 3
    • 5 beds 3 baths ∙ 4,157 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,157 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.37
    •  
  • 19350 N Ibis Way Maricopa, AZ 4
    • 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2007 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2007
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.41
    •  
  • 43316 W Kimberly Street Maricopa, AZ 5
    • 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2006 6 beds 4 baths ∙ 3,901 Sqft ∙ Built 2006
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.44
    •  
PROPERTY LISTING DETAILS
Ted A. Anderson
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154404
Last Updated: 10/31/2020
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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