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46123 W Rainbow Drive 
Maricopa, AZ
85139
4 Beds 2 Baths 1,787 sqft
Built 2006
INVESTimate
$239,999
List Price
$69,350
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $134.30
- 1 Days on Market
- MLS # : 6122620
- Updated Date : 08/25/2020 at 22:50
CONSTRUCTION
- Beds : 4
- Floor Size : 1,787 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Open 4 bedroom 2 bath home with Vaulted ceilings, tile in traffic areas, and newer interior paint. Upgraded kitchen cabinets with Crown Moulding, larger kitchen island and all appliances included. Split floorplan with Large Master bedroom, separate shower and tub, PLUS a walk in closet. Home has ceiling fans throughout, and an upgraded large AC unit for those long summer days. extended length garage with plenty of storage/shelves. Walking distance to 3 schools, Frisbee Disc Golf, Lake Subdivision, workout stations on the walking paths. Walking distance to the famous Copper Sky Sports Complex. Harrah's casino and Ultra Star entertainment center all within a short 3 mile drive. The backyard is a must see.
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PRICE & RENT TRENDS
Zip Code: 85139
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85139
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$224 | |
| Property Insurance | -$62 | |
| HOA | -$73 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$16
|
||
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.
$239,999
PROJECTED PRICE
$1,360
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.30% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,350
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $179,999 |
5.58
YEARS SAVED
$17,191
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,416
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
46123 W Rainbow Drive Maricopa, 1
- 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
46137 W Guilder Avenue Maricopa, 2
- 4 beds 2 baths ∙ 1,671 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,671 Sqft ∙ Built 2005
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,325
- $0.79
-
45981 W Sky Lane Maricopa, 3
- 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 2005
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,350
- $0.81
-
45673 W Dirk Street Maricopa, 4
- 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 2005
![property image]()
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,400
- $0.73
-
46055 W Guilder Avenue Maricopa, 5
- 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 2005
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.84
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122620
Last Updated: 08/25/2020
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.
