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44885 W Jack Rabbit Trail Maricopa, AZ 85139

5 Beds 3 Baths 3,040 sqft Built 2005

$320,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $105.26
  • 4 Days on Market
  • MLS # : 6154475
  • Updated Date : 10/31/2020 at 16:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,040 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Upgrades abound in this fabulous home located in the Alterra community. The moment you walk in, you will be surrounded by the natural light and style that this stunning home exudes. The spacious kitchen boasts a granite island breakfast bar, stainless steel appliances, recessed lighting, and a beautiful back splash. The large master suite includes an oversized walk-in closet, his and hers vanities, with a walk in therapeutic tub. Outside you may enjoy the beautiful low maintenance backyard, the outdoor kitchen, and the oversized gazebo with ample space for entertaining family and friends. Schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85139

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k277k

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

Zip Code: 85139

ZipNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9781567

* 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
Maricopa Elementary School Primary Regular 732 39 4
Maricopa High School Middle Regular 1,796 70 3
Maricopa High School High Regular 1,796 70 3

Maricopa Elementary School

  • Education Level: Primary
  • # of students: 732
  • # of teachers: 39
4
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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,181
Property Tax -$299
Property Insurance -$86
HOA -$62
Property Management Fees -$99
CASH FLOW
-$367

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.

$320,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$661

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,474

    COMP ESTIMATED VALUE
  • $0.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5194$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 44885 W Jack Rabbit Trail Maricopa, AZ 1
    • 5 beds 3 baths ∙ 3,040 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,040 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 45702 W Starlight Drive Maricopa, AZ 2
    • 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 2005
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.47
    •  
  • 45438 W Guilder Avenue Maricopa, AZ 3
    • 5 beds 3 baths ∙ 3,256 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,256 Sqft ∙ Built 2005
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,519
    • $0.47
    •  
  • 18366 N Cherry Lane Maricopa, AZ 4
    • 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.51
    •  
  • 45515 W Tucker Road Maricopa, AZ 5
    • 5 beds 3 baths ∙ 3,272 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,272 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.49
    •  
PROPERTY LISTING DETAILS
Eduardo Villalobos
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154475
Last Updated: 10/31/2020
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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