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43536 W Sunland Drive Maricopa, AZ 85138

3 Beds 2 Baths 2,349 sqft Built 2001

$300,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
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!

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

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

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,5503$1,6004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 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
Michael Burk
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178499
Last Updated: 01/08/2021
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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