Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$490,000

For Sale - Active
41018 W Colby Dr, Maricopa, AZ 85138
5 Beds
3 Baths
3,456 Square Feet
0.15 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jul 26, 2025 at 05:15AM

Investment Summary


Monthly Cash Flow
-$576
Cap Rate
4.3%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-1.9%

Property Description


0.15 Acres Lot
Built in 2007
For Sale - Active
Units n/a

SELLER IS WILLING TO DISCUSS A RATE BUYDOWN OR CLOSING COST ASSISTANCE - ASK FOR DETAILS!! This beautifully updated 5-bedroom, 3-bathroom home offers 3,455 sq ft of spacious living, including a full bedroom and bath on the main floor—perfect for guests or multigenerational living. Inside, you'll find a bright, open layout with stylish upgrades throughout—modern flooring, fresh interior paint, plantation shutters, and updated fixtures and hardware. The formal living and dining rooms offer great space for entertaining, while the upstairs loft provides the perfect bonus area for work or play. The heart of the home is the chef's kitchen, complete with stainless steel appliances, a breakfast bar, walk-in pantry, and plenty of counter space for meal prep and gathering. Retreat to the..... ...expansive primary suite featuring a large sitting area and not one, but TWO custom-built walk-in closets, a rare and luxurious touch that adds both style and function. Step outside to your private backyard oasis with a sparkling pool, gazebo seating area, and low-maintenance turf, ideal for entertaining or simply relaxing under the Arizona sun. And don't forget the home has a 3-car garage!!! As part of the Rancho El Dorado community, you'll enjoy 38 acres of lakes, over 9 acres of parks, playgrounds, and scenic walking paths.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage
  • Details: Garage Door Opener, Direct Access
  • Garage Spaces: 3
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Other
  • Roof Material: Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: The Lakes at Rancho
  • HOA Fee: $79/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 512454310
  • Lot Size: 6523 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2007

Tax Information

  • Annual Tax: $3,800

Utilities

  • Heating: Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Pinal

Listing Details


Listed by:
Lisa M Schoneberger
My Home Group Real Estate
(602) 292-4523

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6829776
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$576
Cap Rate
4.3%
Cash-on-Cash Return
-6.1%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-1.9%

Purchase Details

Find an Agent

Purchase price:
$490,000
Amount financed:
-$392,000
Down payment:
$98,000
Closing costs:
$14,700
Rehab costs:
$0
Initial cash invested:
$112,700
Square feet:
3,456
Cost per square foot:
$142
Monthly rent per square foot:
$0.90

Financing Details

Find a Lender

Loan amount:
$392,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,319
Property tax:
$317
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,853

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$317-$3,800
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (3%)
3%-$79-$948
Total operating expenses: (38%)
38%-$1,171-$14,048

Cash Flow


Monthly Yearly
Net operating income:
$1,743 $20,916
Mortgage payments:
-$2,319 -$27,828
Cash flow:
$576 $6,912