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46031 W Sky Lane Maricopa, AZ 85139

4 Beds 3 Baths 2,723 sqft Built 2006

$285,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $104.66
  • 9 Days on Market
  • MLS # : 6151989
  • Updated Date : 10/28/2020 at 16:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,723 sqft
  • Baths : 3 full
Listing Agent

Desert Canyon Properties

Listing Agent's Description

Home with SOLAR and no neighbors behind you! Great space as soon as you walk in the front door, 2 story entry into the formal living room. Huge eat in kitchen w/granite countertops, recessed lighting and walk in pantry. Spacious family room with slider to backyard. Downstairs also features a laundry room, a bedroom and a full bathroom. Upstairs next to loft is Master suite with huge bathroom, separate tub and shower and walk in closet. In addition to solar home has as a radiant barrier in attic to minimize heat gain and heat loss. Dual programmable thermostats, LowE windows through out, pre-wired home for security system, f/r and master wired for surround sound, exterior wired for Christmas lights. Dual stage whole house water filtration system. Plus stove and dryer have stubs for gas!!!

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,052
Property Tax -$268
Property Insurance -$80
HOA -$24
Property Management Fees -$99
CASH FLOW
-$13

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.

$285,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.53%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$18,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $1,681

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,5453$1,5504$1,5505$1,845
$1,845
RENT COMPS ANALYSIS
  • 46031 W Sky Lane Maricopa, AZ 1
    • 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.55
    •  
  • 45542 W Tucker Road Maricopa, AZ 2
    • 3 beds 3 baths ∙ 2,637 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,637 Sqft ∙ Built 2005
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.59
    •  
  • 45318 W Applegate Road Maricopa, AZ 3
    • 5 beds 3 baths ∙ 2,427 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,427 Sqft ∙ Built 2005
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.64
    •  
  • 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
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.63
    •  
  • 44375 W Palmen Drive Maricopa, AZ 5
    • 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 2005
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.61
    •  
PROPERTY LISTING DETAILS
Teresa Parks
Desert Canyon Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151989
Last Updated: 10/28/2020
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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