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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $127.71
- 3 Days on Market
- MLS # : 6178499
- Updated Date : 01/08/2021 at 22:04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,349 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
Nice curb appeal for this charming 3 bed , 2 bath home, located in the Rancho El Dorado Subdivision. A short distance to the lake! Beautiful laminate wood floors in the formal living/dining rooms. Soft Color Palette. Spacious open floor plan for the kitchen, dining, and family room. The large eat-in kitchen has oak cabinets, center island with breakfast bar, black appliances, and a large walk-in closet with a glass front door. Generous sized bedrooms. The master has a private entrance, vaulted ceilings, full bath and a walk-in closet. Interior laundry. The backyard has a covered patio,extra slate patios, raised planters, and a storage shed. Close to schools, shopping, and hwy 347. Call for a showing today!
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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 | $1,600 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$280 | |
| Property Insurance | -$73 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$91
|
||
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.
$300,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.53%
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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
6.92
YEARS SAVED
$24,895
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,615
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
43536 W Sunland Drive Maricopa, AZ 5
- 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,600
- $0.68
-
22013 N Van Loo Drive Maricopa, AZ 1
- 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,312 Sqft ∙ Built 2004
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,450
- $0.63
-
44170 W Mcintosh Circle Maricopa, AZ 2
- 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
-
22641 N Gibson Drive Maricopa, AZ 3
- 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2005
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,600
- $0.74
-
22226 N Van Loo Drive Maricopa, AZ 4
- 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 2003
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,600
- $0.71
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178499
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
