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44035 W Palo Teca Road Maricopa, AZ 85138

3 Beds 2 Baths 1,742 sqft Built 2006

$260,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $149.25
  • 2 Days on Market
  • MLS # : 6204586
  • Updated Date : 03/13/2021 at 14:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,742 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Welcome home. Fantastic single level move in ready home w/1750 sq. ft. featuring 3 bedrooms 2 baths & office or den w/ 2 car garage on large lot w/ sliding doors to back covered patio! Home has been newly painted inside & out & only lightly lived in. eat in kitchen features stainless steel appliances that stay in including new microwave and garbage disposal. Kitchen offers plenty of counter space & up to date cabinets & tile floor. And brand new slider out to covered patio & newly landscaped back yard. Split bedrooms, offering a large master bedroom w/ separate tub & shower & double vanity sinks along w/ great walk in closet. Another 2 separate bedrooms & office adjacent to living room with built in media center space. New rock landscaping in front & back yard w/ auto timer for

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$903
Property Tax -$243
Property Insurance -$61
HOA -$70
Property Management Fees -$99
CASH FLOW
-$96

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.

$260,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.49%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,367

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3003$1,3494$1,4495$1,450
$1,450
RENT COMPS ANALYSIS
  • 44035 W Palo Teca Road Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.73
    •  
  • 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
    •  
  • 44852 W Sage Brush Drive Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2005
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.80
    •  
  • 44810 W Sage Brush Drive Maricopa, AZ 4
    • 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 2005
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.80
    •  
  • 42150 W Ramona Street Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2006
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.74
    •  
PROPERTY LISTING DETAILS
Susan Geurs
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204586
Last Updated: 03/13/2021
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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