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43616 W Kramer Lane Maricopa, AZ 85138

4 Beds 2 Baths 2,230 sqft Built 2004

$315,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $141.26
  • 4 Days on Market
  • MLS # : 6194849
  • Updated Date : 02/19/2021 at 00:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,230 sqft
  • Baths : 2 full
Listing Agent

The Maricopa Real Estate Co

Listing Agent's Description

Large Single Story, 2,230 sq ft, 4-bedroom home in the popular Villages of Ranch el Dorado. CHECK OUT THE BACKYARD! Well-maintained home with plenty of space. The front bedroom can be used as a den, game room/bonus room. Open concept kitchen with an open formal dining room. Large kitchen island with bar seating, pull out bottom kitchen drawers. Fridge, washer, dryer to be included. Water Softener, RO System. Large master bedroom, closet & master bath. Deep sink in laundry room, extended garage. 2019 Water Heater. Exterior painted in 2019. BACKYARD OASIS, beautiful brick pattern. Enjoy Your Outdoors! Community amenities: 2 pools, splash pad, club house, exercise room, tennis courts, basketball, & multiple walking paths. Furniture also available. Definitely worth putting on your list!

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,094
Property Tax -$294
Property Insurance -$71
HOA -$29
Property Management Fees -$99
CASH FLOW
-$117

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.

$315,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.47%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,084

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,561

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,5003$1,5504$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 43616 W Kramer Lane Maricopa, AZ 1
    • 4 beds 2 baths ∙ 2,230 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,230 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.66
    •  
  • 44384 W Eddie Way Maricopa, AZ 2
    • 4 beds 2 baths ∙ 2,233 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,233 Sqft ∙ Built 2006
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.67
    •  
  • 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
Tammy A Adams
The Maricopa Real Estate Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194849
Last Updated: 02/19/2021
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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