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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $112.38
- 3 Days on Market
- MLS # : 6162840
- Updated Date : 11/20/2020 at 09:22
CONSTRUCTION
- Beds : 4
- Floor Size : 2,269 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
This beautiful DR Horton home has everything you need! This single story beauty has over 2200 sq ft of space. Beautiful open kitchen with great room. Living/dining room combination, 4 bedrooms, and an open eat in kitchen and family room. Lots of cabinets and walk in pantry. Upgraded walk in tub in the master bedroom. Vaulted ceilings and ceiling fans. The inviting backyard includes a mature orange, lemon, grapefruit and fig tree. Security cameras are already installed. Located in the Alterra community, this home is close to the Copper Sky Recreation Center with a urban lake, walking paths, sports fields and state of the art pools and fitness center. The only thing missing is you!
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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 | $1,390 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$250 | |
| Property Insurance | -$71 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$33
|
||
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.
$255,000
PROJECTED PRICE
$1,390
PROJECTED RENT
0.55%
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
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
4.58
YEARS SAVED
$13,723
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.61
LIST RENT PER SQFT
-
$1,452
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
44838 W Buckhorn Trail Maricopa, AZ 3
- 4 beds 2 baths ∙ 2,269 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,269 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,390
- $0.61
-
46176 W Amsterdam Road Maricopa, AZ 1
- 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 2005
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,295
- $0.59
-
43830 W Maricopa Avenue Maricopa, AZ 2
- 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2005
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,350
- $0.58
-
43882 W Arizona Avenue Maricopa, AZ 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, AZ 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
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162840
Last Updated: 11/20/2020
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.
