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45089 W Horse Mesa Road Maricopa, AZ 85139

4 Beds 3 Baths 2,568 sqft Built 2006

$315,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $122.66
  • 2 Days on Market
  • MLS # : 6205692
  • Updated Date : 03/13/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,568 sqft
  • Baths : 3 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

Welcome to this elegant and open space, flooded with natural light and soaring 20-foot ceilings! Your fabulous Maricopa home, built by Hacienda with unique tri-level Newport floorplan, comes complete with SS appliances, granite countertops, gas range, R/O & soft water systems. Sellers recently updated the flooring, kitchen and downstairs bathroom. There are plantation shutters throughout and shades are operated by remote control! Don't miss the 3-car garage with epoxy floors, cabinets and double gates. New Buyers will benefit from OWNED SOLAR PANELS! All the savings, non of the cost! When you step outside into your own backyard oasis you'll know this is it! Pebble-tec pool with in-ground cleaning system, patio misters & manicured landscaping with drip system on timer. Don't miss this one!

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 Wells Middle School Middle Regular 514 20 3

Maricopa Elementary School

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

Maricopa Wells Middle School

  • Education Level: Middle
  • # of students: 514
  • # of teachers: 20
3
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,094
Property Tax -$229
Property Insurance -$77
HOA -$62
Property Management Fees -$99
CASH FLOW
$89

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.

$315,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.52%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$25,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,6504$1,8205$1,855
$1,855
RENT COMPS ANALYSIS
  • 45089 W Horse Mesa Road Maricopa, AZ 3
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.64
    •  
  • 46108 W Rainbow Drive Maricopa, AZ 1
    • 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2005
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.63
    •  
  • 43882 W Arizona Avenue Maricopa, AZ 2
    • 3 beds 3 baths ∙ 2,222 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,222 Sqft ∙ Built 2005
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.65
    •  
  • 45542 W Tucker Road Maricopa, AZ 4
    • 3 beds 3 baths ∙ 2,637 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,637 Sqft ∙ Built 2005
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.69
    •  
  • 18282 N Kari Lane Maricopa, AZ 5
    • 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2004
    property image
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,855
    • $0.70
    •  
PROPERTY LISTING DETAILS
Amy Haight
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205692
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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