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45060 W Zion Road Maricopa, AZ 85139

3 Beds 2 Baths 1,785 sqft Built 2020

INVESTimate

$223,990

List Price

$1,300

$1,170 - $1,430

Rent Est.

$240,341  ( +7.30%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $125.48
  • 2 Days on Market
  • MLS # : 6122382
  • Updated Date : 08/25/2020 at 12:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,785 sqft
  • Baths : 2 full
Listing Agent

Wjh

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
 

$201,591$246,389$223,990

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$826
Property Tax -$209
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$103

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$223,990

PROJECTED PRICE

$1,300

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.30%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,357

INVESTMENT

$61,357

Down Payment
$55,998
Rehab Estimate
$2,000
Closing Costs
$3,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,998
Loan Amount $167,993
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$28,094

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
  • $1,397

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,3254$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 45060 W Zion Road Maricopa, 1
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 45631 W Sky Lane Maricopa, 2
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2005
    property image
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.68
    •  
  • 44880 W Norris Road Maricopa, 3
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2013
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.81
    •  
  • 45306 W Zion Road Maricopa, 4
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2013
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 45324 W Norris Road Maricopa, 5
    • 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,731 Sqft ∙ Built 2005
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
PROPERTY LISTING DETAILS
Wade G Jurney
Wjh
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122382
Last Updated: 08/25/2020
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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