Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

44485 W Oster Drive Maricopa, AZ 85138

4 Beds 3 Baths 2,164 sqft Built 2004

INVESTimate

$312,900

List Price

$1,340

$1,206 - $1,474

Rent Est.

$334,897  ( +7.03%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $144.59
  • 5 Days on Market
  • MLS # : 6121422
  • Updated Date : 08/24/2020 at 12:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,164 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Prepare to be amazed! Come and see this wonderful 4 bed, 2.5 bath home. The interior boasts vaulted ceilings, large dining/living areas, and designer paint throughout. The charming kitchen offers ample cabinet and counter space with a pantry, matching appliances, track lighting, and an island complete with a breakfast bar. The expansive backyard includes a covered patio, a small gazebo, a refreshing pool, and spa! Homes this great never last long, hurry and schedule a showing today! The grandiose master bedroom is ideal for couples, with its spacious walk-in closet and full bath with double sinks, not to mention separate tub and shower. Enjoy the Villages club house, tennis, gym, comm. pool, lake, & More. Shopping & Restaurants near by.

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
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
 

$281,610$344,190$312,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,154
Property Tax -$292
Property Insurance -$69
HOA -$86
Property Management Fees -$99
CASH FLOW
-$361

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.

$312,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.03%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,669

INVESTMENT

$88,669

Down Payment
$78,225
Rehab Estimate
$5,750
Closing Costs
$4,694

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,154

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,225
Loan Amount $234,675
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$604

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,434

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2753$1,3404$1,4505$1,650
$1,650
RENT COMPS ANALYSIS
  • 44485 W Oster Drive Maricopa, 3
    • 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.62
    •  
  • 45025 W Miraflores Street Maricopa, 1
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2004
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.63
    •  
  • 43655 W Wild Horse Trail Maricopa, 2
    • 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2005
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.63
    •  
  • 43882 W Arizona Avenue Maricopa, 4
    • 3 beds 3 baths ∙ 2,222 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,222 Sqft ∙ Built 2005
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.65
    •  
  • 43902 W Magnolia Road Maricopa, 5
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2005
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
PROPERTY LISTING DETAILS
Mark Palacio
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121422
Last Updated: 08/24/2020
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.

BESbswy