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43967 W Palo Cedro Road Maricopa, AZ 85138

3 Beds 2 Baths 1,416 sqft Built 2007

$244,900

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $172.95
  • 6 Days on Market
  • MLS # : 6199554
  • Updated Date : 03/01/2021 at 16:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,416 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

****AWESOME 3 BEDROOM WITH 2 BATHS* LIVING ROOM AND FAMILY ROOM WITH EAT IN KITCHEN. MASTER BATHROOM HAS WALK-IN SHOWER. HUGH DESERT BACKYARD WITH COVERED PATIO* NO NEIGHBORS BEHIND YOU* ROOM FOR A POOL. *NO CARPET* ALL APPLIANCES INCLUDED. CLOSE TO SHOPPING, AK-CHIN CIRCLE ENTERTAINMENT CENTER AND COPPER SKY RECREATION COMPLEX. NEAR BY PARKS AND WALKING TRAILS.

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
Saddleback Elementary School Primary Regular 505 24 4
Maricopa Wells Middle School Middle Regular 514 20 3

Saddleback Elementary School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 24
4
GreatSchools Rating

Maricopa Wells Middle School

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

$220,410$269,390$244,900

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$851
Property Tax -$229
Property Insurance -$55
HOA -$70
Property Management Fees -$99
CASH FLOW
-$173

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.

$244,900

PROJECTED PRICE

$1,130

PROJECTED RENT

0.46%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,649

INVESTMENT

$70,649

Down Payment
$61,225
Rehab Estimate
$5,750
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$2,784

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,143

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,3003$1,3254$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 43967 W Palo Cedro Road Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.80
    •  
  • 17373 N Costa Brava Avenue Maricopa, AZ 2
    • 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 2006
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.80
    •  
  • 44880 W Norris Road Maricopa, AZ 3
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2013
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.81
    •  
  • 45981 W Sky Lane Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2005
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.81
    •  
  • 45324 W Norris Road Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
PROPERTY LISTING DETAILS
Benjamin Arredondo
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199554
Last Updated: 03/01/2021
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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