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45670 W Sky Lane Maricopa, AZ 85139

3 Beds 2 Baths 1,395 sqft Built 2020

$235,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $168.46
  • 2 Days on Market
  • MLS # : 6157134
  • Updated Date : 11/07/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,395 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Wonderful newer build! Many upgrades for model. This beautiful home features 3 bedrooms, 2 bathrooms on a private North/South lot. Tile throughout, granite countertops with upgraded stainless appliances & upgraded gas range ! Additional upgrades include upgraded Birch cabinets and garage door opener. Don't miss out on this practically brand new move-in ready home.

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$867
Property Tax -$220
Property Insurance -$54
HOA -$25
Property Management Fees -$99
CASH FLOW
-$55

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.

$235,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.51%

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) 3.00%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,275

INVESTMENT

$64,275

Down Payment
$58,750
Rehab Estimate
$2,000
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,352

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,210

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,2102$1,3003$1,3004$1,3255$1,350
$1,350
RENT COMPS ANALYSIS
  • 45670 W Sky Lane Maricopa, AZ 1
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.87
    •  
  • 45168 W Yucca Lane Maricopa, AZ 2
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2005
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.86
    •  
  • 44633 W Yucca Lane Maricopa, AZ 3
    • 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 2006
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 46149 W Guilder Avenue Maricopa, AZ 4
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2005
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.93
    •  
  • 45303 W Desert Garden Road Maricopa, AZ 5
    • 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 2013
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
PROPERTY LISTING DETAILS
Gail M Smith
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157134
Last Updated: 11/07/2020
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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