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43445 W Hillman Drive Maricopa, AZ 85138

3 Beds 2 Baths 1,938 sqft Built 2002

$339,500

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $175.18
  • 5 Days on Market
  • MLS # : 6153873
  • Updated Date : 10/30/2020 at 11:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,938 sqft
  • Baths : 2 full
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

ENERGY EFFICIENT bungalow with POOL & OWNED SOLAR! This gorgeous Ricardo model boasts nearly 2000 sq ft with 3 spacious bedrooms + OPEN DEN,2 full baths & spacious formal living/dining room! Entertainer's kitchen with Espresso cabinetry, granite countertops & breakfast bar overlook the inviting great room! Upgrades include soaring ceilings, 20 in tile in all the right places, NEW carpet, fresh paint inside and out, NEW windows & owned solar! Step into your own PRIVATE backyard oasis with SPARKLING POOL with baja step & extended covered patio! Palatial master boasts large closet & ensuite bath with dual sinks & walk-in shower! Located in Maricopa's premier subdivision of Rancho el Dorado, which boasts The Duke Golf Course & restaurant, lake & tot lots and close to schools & 347! A MUST SEE!

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
 

$305,550$373,450$339,500

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,253
Property Tax -$317
Property Insurance -$65
HOA -$15
Property Management Fees -$99
CASH FLOW
-$408

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.

$339,500

PROJECTED PRICE

$1,340

PROJECTED RENT

0.39%

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

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$95,718

INVESTMENT

$95,718

Down Payment
$84,875
Rehab Estimate
$5,750
Closing Costs
$5,093

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,253

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,875
Loan Amount $254,625
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$593

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,371

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3503$1,3504$1,4505$1,595
$1,595
RENT COMPS ANALYSIS
  • 43445 W Hillman Drive Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.69
    •  
  • 43590 W Hillman Drive Maricopa, AZ 2
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2002
    property image
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.70
    •  
  • 43447 W Sunland Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.70
    •  
  • 22118 N Lakeside Drive Maricopa, AZ 4
    • 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 43981 W Adobe Circle Maricopa, AZ 5
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
PROPERTY LISTING DETAILS
Danielle M. Nichols
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153873
Last Updated: 10/30/2020
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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