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45560 W Long Way Maricopa, AZ 85139

3 Beds 3 Baths 2,643 sqft Built 2007

$329,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $124.82
  • 2 Days on Market
  • MLS # : 6184828
  • Updated Date : 01/23/2021 at 20:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,643 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives Arizona Territory

Listing Agent's Description

Gorgeous two story 3bed/2.5bath property located in Maricopa Meadows! This gem features great curb appeal leading you into the spacious fluid floor plan with soaring vaulted ceilings in living, plush carpet and tile in all the right places. Kitchen boasts granite counter tops and an island with breakfast bar seating. Making it an ideal spot for gathering with friends and family. Upstairs you will find a loft with built in desk. Gorgeous master, with bay window, includes private en suite with dual sinks, soaking tub and separate shower. Amazing backyard entertaining space is complete with a pergola covered patio, and a sparkling pool. Do not miss out on this fantastic opportunity. See it today and make it yours!

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,146
Property Tax -$308
Property Insurance -$79
HOA -$24
Property Management Fees -$99
CASH FLOW
-$206

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.

$329,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.44%

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$10k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,081

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $1,592

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3753$1,4504$1,5505$1,700
$1,700
RENT COMPS ANALYSIS
  • 45560 W Long Way Maricopa, AZ 3
    • 3 beds 3 baths ∙ 2,643 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,643 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.55
    •  
  • 43830 W Maricopa Avenue Maricopa, AZ 1
    • 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,311 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.58
    •  
  • 45718 W Guilder Avenue Maricopa, AZ 2
    • 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 2005
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.55
    •  
  • 44424 W Knauss Drive Maricopa, AZ 4
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2006
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.63
    •  
  • 44216 W Palmen Drive Maricopa, AZ 5
    • 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 2005
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
PROPERTY LISTING DETAILS
Charles D Powell
Realty Executives Arizona Territory
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184828
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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