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45115 W Rhea Road Maricopa, AZ 85139

4 Beds 3 Baths 2,012 sqft Built 2006

$319,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $159.00
  • 3 Days on Market
  • MLS # : 6184626
  • Updated Date : 01/23/2021 at 17:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,012 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Success

Listing Agent's Description

Come see this incredible pool home in the Alterra community of Maricopa. With 4 bedrooms PLUS a den, and a 2.5-car garage there is plenty of space to live comfortably. Updated in a modern palette with plank tile, raised-panel white cabinets, granite counters, and black-stainless appliances including a 5-burner gas stove and 4-door fridge. Off the kitchen is a HUGE great room with vaulted ceilings. The master ensuite bathroom has dual sinks, separate shower and tub, private toilet room, and walk in closet. The backyard has a sparkling blue pool, desert landscape, and a storage shed. This amazing was also built with 2X6 construction for added energy efficiency. The home is a close walk to Copper Sky park, and the furnishings available on a separate bill of sale. Take a look 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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,111
Property Tax -$299
Property Insurance -$66
HOA -$62
Property Management Fees -$99
CASH FLOW
-$197

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.

$319,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.45%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,418

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4403$1,4504$1,4745$1,700
$1,700
RENT COMPS ANALYSIS
  • 45115 W Rhea Road Maricopa, AZ 2
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.72
    •  
  • 45143 W Woody Road Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2006
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.62
    •  
  • 46028 W Ranch Road Maricopa, AZ 3
    • 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.68
    •  
  • 17388 N Marina Avenue Maricopa, AZ 4
    • 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,474
    • $0.72
    •  
  • 44824 W Sage Brush Drive Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,115 Sqft ∙ Built 2005
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
David Morgan
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184626
Last Updated: 01/23/2021
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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