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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $169.05
- 2 Days on Market
- MLS # : 6184902
- Updated Date : 01/24/2021 at 00:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,129 sqft
- Baths : 2 full
Listing Agent
The Maricopa Real Estate Co
Listing Agent's Description
Absolutely Beautiful!! This 4 bedroom home has been completely remodeled w/ high end upgrades: New A/C , water softener, water heater, 30 year laminate flooring, stainless steel appliances, granite countertops, tile & Travertine, fireplace redone, custom paint interior and exterior, new lamps, pendant lights, ceiling fans , closet lights, new smoke alarms & carbon monoxide, and in 2017 spent $50K on a new heated pool, w/ pebble sheen, salt water, self cleaning, baja bench, 2 water falls, 6 umbrella holes, high tech equipment, extended kool decking, aluminum pergola, w/ privacy panel, synthetic grass, pavers, palm trees, irrigation system, pavers on side gate, over $83K spent since 2017. Come see on Saturday or Sunday. Open house from 11:00-4:00.
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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 | $1,450 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$336 | |
| Property Insurance | -$69 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$333
|
||
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.
$359,900
PROJECTED PRICE
$1,450
PROJECTED RENT
0.40%
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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
1.17
YEARS SAVED
$1,758
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,522
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
43488 W Askew Drive Maricopa, AZ 2
- 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,129 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,450
- $0.68
-
44207 W Cydnee Drive Maricopa, AZ 1
- 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 2007
LEASED 03/21/20- Rent
- Rent Per SQFT
- $1,400
- $0.73
-
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 #: 6184902
Last Updated: 01/24/2021
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.
