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43602 W Oster Drive Maricopa, AZ 85138

5 Beds 4 Baths 3,309 sqft Built 2005

$405,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $122.39
  • 4 Days on Market
  • MLS # : 6208759
  • Updated Date : 03/18/2021 at 15:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,309 sqft
  • Baths : 4 full
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

THIS IS IT! OVER 3300 SQ FT, 5BR, 4 FULL BATHS, WITH A LOFT AND 3 CAR TANDEM! 2 MASTER SUITES, BETTER THAN NEW! ALL NEW FLOORING, PERGO SALTED OAK, TILE AND CARPET, PROFESSIONALLY PAINTED INTERIOR AND EXTERIOR,, ALL NEW SUNSCREENS, ALL NEW STAINLESS STEEL APPLIANCES, GRANITE, GRANITE AND KITCHEN ISLAND, FORMAL LIVING AND DINING AREAS, BUTLER AREA WITH GRANITE COUNTER AND CABINETS, WALK IN PANTRY, ENOUGH ROOM FOR EXTENDED FAMILY, FRONT ENTRY SECURITY DOOR, NEW EPOXY FLOORING IN 3 CAR TANDEM GARAGE AND BACK COVERED PATIO, NEW CEILING FANS THROUGHOUT, NEW PLANTS AND STONE IN FRONT AND BACK YARD, UPSTAIRS WASHER AND DRYER INCLUDED, HOME HAS BEEN PROFESSIONALLY CLEANED AND MUCH MORE! RUN, RUN TO SEE THIS HOME. IT WILL NOT LAST LONG!

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
Butterfield Elementary School Primary Regular 760 33 5
Maricopa Wells Middle School Middle Regular 514 20 3

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 33
5
GreatSchools Rating

Maricopa Wells Middle School

  • Education Level: Middle
  • # of students: 514
  • # of teachers: 20
3
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,407
Property Tax -$378
Property Insurance -$92
HOA -$86
Property Management Fees -$99
CASH FLOW
-$452

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.

$405,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.40%

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$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.49

    LIST RENT PER SQFT
  • $1,770

    COMP ESTIMATED VALUE
  • $0.53

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6103$1,7954$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 43602 W Oster Drive Maricopa, AZ 2
    • 5 beds 4 baths ∙ 3,309 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,309 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.49
    •  
  • 20259 N Ryans Trail Maricopa, AZ 1
    • 5 beds 3 baths ∙ 3,218 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,218 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.47
    •  
  • 43615 W Bailey Drive Maricopa, AZ 3
    • 4 beds 3 baths ∙ 3,509 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,509 Sqft ∙ Built 2005
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.51
    •  
  • 20071 N Santa Cruz Drive Maricopa, AZ 4
    • 4 beds 3 baths ∙ 3,183 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,183 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.58
    •  
  • 43251 W Wild Horse Trail Maricopa, AZ 5
    • 4 beds 3 baths ∙ 3,252 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,252 Sqft ∙ Built 2006
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.58
    •  
PROPERTY LISTING DETAILS
Patti Wasowicz
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208759
Last Updated: 03/18/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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