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46039 W Tulip Lane Maricopa, AZ 85139

5 Beds 4 Baths 3,428 sqft Built 2005

$370,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $107.93
  • 3 Days on Market
  • MLS # : 6208684
  • Updated Date : 03/19/2021 at 16:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,428 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart Success

Listing Agent's Description

Large 2-story home in Maricopa Meadows with 5 bedrooms, 3.5 baths and 2 MASTER BEDROOMS! The interior has just been repainted, and the home has a gorgeous kitchen with cherry cabinets, lots of counter space, and stainless appliances including a fridge and gas range. This amazing floorplan has the main master downstairs, plus a living room and family room with gas fireplace. Upstairs you'll find 4 more bedrooms, including a 2nd master, PLUS a loft with a closet that could easily become a 6th bedroom. 2-inch blinds and ceiling fans in every room, so it is completely move-in ready. The backyard has a large covered patio, and the 3-car garage provides lots of storage. Great neighborhood with K-12 schools within walking distance from the home. See this amazing home before it's gone!

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 Wells Middle School Middle Regular 514 20 3

Maricopa Elementary School

  • Education Level: Primary
  • # of students: 732
  • # of teachers: 39
4
GreatSchools Rating

Maricopa Wells Middle School

  • Education Level: Middle
  • # of students: 514
  • # of teachers: 20
3
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,285
Property Tax -$346
Property Insurance -$94
HOA -$23
Property Management Fees -$99
CASH FLOW
-$267

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.

$370,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.43%

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-$6.0k-$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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.46

    LIST RENT PER SQFT
  • $1,680

    COMP ESTIMATED VALUE
  • $0.49

    COMP AVG. RENT PER SQFT
Comps Range
$1,449
1$1,4492$1,5803$1,6004$1,6495$1,700
$1,700
RENT COMPS ANALYSIS
  • 46039 W Tulip Lane Maricopa, AZ 2
    • 5 beds 4 baths ∙ 3,428 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,428 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.46
    •  
  • 45468 W Guilder Avenue Maricopa, AZ 1
    • 4 beds 3 baths ∙ 3,256 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,256 Sqft ∙ Built 2005
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.45
    •  
  • 45515 W Tucker Road Maricopa, AZ 3
    • 5 beds 3 baths ∙ 3,272 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,272 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.49
    •  
  • 45681 W Tucker Road Maricopa, AZ 4
    • 5 beds 3 baths ∙ 3,272 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,272 Sqft ∙ Built 2007
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.50
    •  
  • 45383 W Rhea Road Maricopa, AZ 5
    • 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 2006
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.52
    •  
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 #: 6208684
Last Updated: 03/19/2021
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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