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45537 W Morning View Lane Maricopa, AZ 85139

4 Beds 3 Baths 2,967 sqft Built 2005

$260,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $87.63
  • 12 Days on Market
  • MLS # : 6149116
  • Updated Date : 10/27/2020 at 10:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,967 sqft
  • Baths : 2 full , 1 half
Listing Agent

A & M Management Of Arizona

Listing Agent's Description

Home is Tenant Occupied. Lease expires 3/31/21. Rental Rate is $1,450. See remarks for showing instructions, tenant contact and lockbox locations. This is a great family home. With 4 bedrooms 2.5 bath, huge loft and a big backyard.

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$959
Property Tax -$274
Property Insurance -$85
HOA -$24
Property Management Fees -$99
CASH FLOW
-$92

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.

$260,000

PROJECTED PRICE

$1,350

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.46

    LIST RENT PER SQFT
  • $1,476

    COMP ESTIMATED VALUE
  • $0.5

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4493$1,4504$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 45537 W Morning View Lane Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,967 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,967 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.46
    •  
  • 45654 W Meadows Lane Maricopa, AZ 2
    • 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 2005
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.52
    •  
  • 45702 W Starlight Drive Maricopa, AZ 3
    • 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,076 Sqft ∙ Built 2005
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $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
    property image
    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
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.49
    •  
PROPERTY LISTING DETAILS
Maria Todd
A & M Management Of Arizona
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149116
Last Updated: 10/27/2020
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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