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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $149.87
- 5 Days on Market
- MLS # : 6164854
- Updated Date : 11/28/2020 at 20:02
CONSTRUCTION
- Beds : 4
- Floor Size : 1,534 sqft
- Baths : 2 full
Listing Agent
Marketplace One Realty
Listing Agent's Description
Beautiful, Open Floorplan in a Cozy Community on a Corner Lot! Enter your huge living space with vaulted ceilings that flows right to the dining area with convenient access to the kitchen. The spacious kitchen offers plenty of counter-space including a large peninsula, al new Stainless Steel appliances, and a brand new Farmhouse-style Sink. The kitchen connects to the separated laundry room, and leads to the South wing of the home with three full bedrooms, and a roomy full bathroom. The North wing of the home hides the Owner's Suite, fully split from the other three rooms, and seamlessly flows to the ens-suite bathroom including dual sinks and a walk-in closet. The backyard is the perfect combination of entertaining space and low maintenance landscaping including luxury turf grass...
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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 | $1,160 |
| EXPENSES | Loan Payment | -$848 |
| Property Tax | -$215 | |
| Property Insurance | -$57 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$78
|
||
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.
$229,900
PROJECTED PRICE
$1,160
PROJECTED RENT
0.50%
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
$66,674
LOAN DETAILS
$848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
3.67
YEARS SAVED
$9,252
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,160
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,197
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
43454 W Cowpath Road Maricopa, AZ 1
- 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,160
- $0.76
-
42458 W Monteverde Drive Maricopa, AZ 2
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,250
- $0.80
-
42541 W Sussex Road Maricopa, AZ 3
- 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2012
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,250
- $0.80
-
44355 W Oster Drive Maricopa, AZ 4
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2004
![property image]()
LEASED 08/08/19- Rent
- Rent Per SQFT
- $1,275
- $0.78
-
19266 N Duncan Drive Maricopa, AZ 5
- 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 2005
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,350
- $0.74
PROPERTY LISTING DETAILS
Marketplace One Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164854
Last Updated: 11/28/2020
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.
