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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $159.05
- 2 Days on Market
- MLS # : 6185074
- Updated Date : 01/23/2021 at 21:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,509 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Amazing 3bed/2bath home nestled in the highly desired Villages at Rancho El Dorado. This gem features great curb appeal leading into the light & bright interior, vaulted ceilings, plush carpet & tile in all the right places. Open kitchen boasts a breakfast bar & opens up to the large great room. Spacious master retreat includes private en suite & walk in closet. Bedrooms are generously sized & offer flexibility. Step out to the covered patio & enjoy the expansive low maintenance backyard. Resort Lifestyle at the Villages - Amenities include: 2 pools, lap pool is heated, Rec room, Sport Courts, Fitness Center with newer equipment, play grounds, splash pad, walking paths, & acres of green area with picnic benches & BBQs. Close to shopping, dining & Schools.
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PRICE & RENT TRENDS
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,200 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$224 | |
| Property Insurance | -$57 | |
| HOA | -$9 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$23
|
||
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.
$240,000
PROJECTED PRICE
$1,200
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
4.92
YEARS SAVED
$11,744
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,200
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,196
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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44332 W Oster Drive Maricopa, AZ 2
- 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2004
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- Rent
- Rent Per SQFT
- $1,200
- $0.80
-
44715 W Alamendras Street Maricopa, AZ 1
- 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 2004
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,100
- $0.78
-
21015 N Alma Drive Maricopa, AZ 3
- 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 2004
![property image]()
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,299
- $0.80
-
45008 W Miramar Road Maricopa, AZ 4
- 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2004
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,300
- $0.79
-
44834 W Bahia Drive Maricopa, AZ 5
- 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2005
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,325
- $0.80
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185074
Last Updated: 01/23/2021
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.
