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1065 S 223rd Drive Buckeye, AZ 85326

4 Beds 2 Baths 1,831 sqft Built 2005

$280,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $152.92
  • 2 Days on Market
  • MLS # : 6176289
  • Updated Date : 01/02/2021 at 00:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,831 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Great 4 bedroom two bathroom home, Huge loft upstairs, Master Bedroom Down stairs. Great back yard, Lots of room to entertain. Tile Down stairs.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8011567

* 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
Sundance Elementary School Primary Regular 813 37 3
Sundance Elementary School Middle Regular 813 37 3
Youngker High School High Regular 1,580 67 3

Sundance Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 37
3
GreatSchools Rating

Sundance Elementary School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 37
3
GreatSchools Rating

Youngker High School

  • Education Level: High
  • # of students: 1,580
  • # of teachers: 67
3
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,033
Property Tax -$228
Property Insurance -$63
HOA -$16
Property Management Fees -$99
CASH FLOW
$11

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$280,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$20,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,424

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,3954$1,4505$1,575
$1,575
RENT COMPS ANALYSIS
  • 1065 S 223rd Drive Buckeye, AZ 4
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 1361 S 225th Lane Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.73
    •  
  • 22556 W Papago Street Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.76
    •  
  • 22613 W Desert Bloom Street Buckeye, AZ 3
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.76
    •  
  • 1023 S 226th Drive Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.86
    •  
PROPERTY LISTING DETAILS
Steven S. Padilla
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176289
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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