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1102 N 5th Street Buckeye, AZ 85326

3 Beds 2 Baths 1,238 sqft Built 2004

$229,950

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $185.74
  • 2 Days on Market
  • MLS # : 6154439
  • Updated Date : 11/02/2020 at 11:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,238 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Still in process of remodel. More pictures coming soon.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Buckeye Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k271k

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

Neighborhood: Buckeye Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6851567

* 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
Bales Elementary School Primary Regular 848 39 4
Bales Elementary School Middle Regular 848 39 4
Buckeye Union High School High Regular 1,373 62 4

Bales Elementary School

  • Education Level: Primary
  • # of students: 848
  • # of teachers: 39
4
GreatSchools Rating

Bales Elementary School

  • Education Level: Middle
  • # of students: 848
  • # of teachers: 39
4
GreatSchools Rating

Buckeye Union High School

  • Education Level: High
  • # of students: 1,373
  • # of teachers: 62
4
GreatSchools Rating
 

$206,955$252,945$229,950

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$848
Property Tax -$148
Property Insurance -$51
HOA -$30
Property Management Fees -$99
CASH FLOW
-$106

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.

$229,950

PROJECTED PRICE

$1,070

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,687

INVESTMENT

$66,687

Down Payment
$57,488
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,488
Loan Amount $172,463
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,624

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
  • $1,133

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0753$1,4504$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 1102 N 5th Street Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 83 W 5th Avenue W Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 2004
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.87
    •  
  • 25405 W Park Avenue Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2014
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 25377 W Park Avenue Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2014
    property image
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 25552 W St Catherine Avenue Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,574 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,574 Sqft ∙ Built 2005
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Radojka Lala Smith
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154439
Last Updated: 11/02/2020
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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