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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $144.77
- 5 Days on Market
- MLS # : 6174147
- Updated Date : 12/26/2020 at 11:50
CONSTRUCTION
- Beds : 4
- Floor Size : 2,207 sqft
- Baths : 2 full
Listing Agent
The Maricopa Real Estate Co
Listing Agent's Description
Highly desirable corner lot in Cobblestone Farms, You'll enjoy easy access to restaurants and retail stores. Tastefully remodeled 4 bed, 2 bath house extended 3 car garage. Inside you will find large dining and living areas along with a gorgeous eat-in kitchen ample cabinetry and tons of storage. Kitchen includes new quartz countertops and backsplash, a huge walk-in pantry, stainless steel appliances, and an island complete with a breakfast bar. Double door entry into master bedroom, with its spacious walk-in closet and private bath featuring dual sinks! Only 29 miles to Sky Harbor Airport. Homes this great never last long, hurry and schedule a showing today!
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PRICE & RENT TRENDS
Zip Code: 85139
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85139
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,179 |
| Property Tax | -$294 | |
| Property Insurance | -$70 | |
| HOA | -$208 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$170
|
||
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.
$319,500
PROJECTED PRICE
$1,680
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,418
LOAN DETAILS
$1,179
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,875 |
| Loan Amount | $239,625 |
2.42
YEARS SAVED
$7,040
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,634
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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44157 W Copper Trail Maricopa, AZ 4
- 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,680
- $0.76
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22118 N Lakeside Drive Maricopa, AZ 1
- 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,450
- $0.68
-
43981 W Adobe Circle Maricopa, AZ 2
- 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2004
LEASED 03/24/20- Rent
- Rent Per SQFT
- $1,595
- $0.75
-
22641 N Gibson Drive Maricopa, AZ 3
- 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2005
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,600
- $0.74
-
22180 N Sunset Drive Maricopa, AZ 5
- 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.80
PROPERTY LISTING DETAILS
The Maricopa Real Estate Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174147
Last Updated: 12/26/2020
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.
