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44116 W Mcclelland Drive Maricopa, AZ 85138

4 Beds 2 Baths 1,864 sqft Built 2006

$275,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $147.53
  • 3 Days on Market
  • MLS # : 6172780
  • Updated Date : 12/18/2020 at 13:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,864 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This home is a must see! Won't last long! Beautiful 4 bedroom 2 bath split floorpan. Premium lot location. No homes on one side or behind. Green park across the street. Fresh new exterior paint!Inside is open, spacious concept with tile throughout & newly remodeled kitchen. A chef's dream! Brand new appliances include fridge, gas range & dishwasher. New cabinets with pull out shelves & beautiful Quartz countertops! Plenty of space!Master has separate tub, shower & walk-in closet. 3 more bedrooms, 2 w/walk in closets.New washer & dryer, new garage door opener....over $35,000 in upgrades! Double French doors lead to low maintenance back yard! Comm pool, splash pad, tennis & basketball courts, fitness center & playground. Make your appt. to see this beautiful home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho el Dorado

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k282k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Rancho el Dorado

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 High School Middle Regular 1,796 70 3
Maricopa High School High Regular 1,796 70 3

Butterfield Elementary School

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

Maricopa High School

  • Education Level: Middle
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating

Maricopa High School

  • Education Level: High
  • # of students: 1,796
  • # of teachers: 70
3
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,015
Property Tax -$257
Property Insurance -$64
HOA -$29
Property Management Fees -$99
CASH FLOW
-$133

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.

$275,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.48%

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$900k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,309

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3303$1,3504$1,3995$1,400
$1,400
RENT COMPS ANALYSIS
  • 44116 W Mcclelland Drive Maricopa, AZ 2
    • 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.71
    •  
  • 42930 W Magnolia Road Maricopa, AZ 1
    • 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 2008
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.67
    •  
  • 43249 W Jeremy Street Maricopa, AZ 3
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 20695 N Ancon Avenue Maricopa, AZ 4
    • 4 beds 3 baths ∙ 1,896 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,896 Sqft ∙ Built 2004
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.74
    •  
  • 44207 W Cydnee Drive Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 2007
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
PROPERTY LISTING DETAILS
Angela St. Louis
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172780
Last Updated: 12/18/2020
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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