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1365 S 220th Drive Buckeye, AZ 85326

4 Beds 3 Baths 2,035 sqft Built 2006

$275,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $135.14
  • 2 Days on Market
  • MLS # : 6178034
  • Updated Date : 01/16/2021 at 05:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,035 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Beautifully maintained home with plenty of room for your family! Great location close to hiking, library, shopping & restaurants, & easy access to the freeway. House offers owned security system, 4 spacious bedrooms with walk in closets and ceiling fans, updated flooring, new AC (March 2020) and solar lease, 3 living spaces, tons of storage, and a large corner lot ready for your personal touch!Seller is offering a $500 credit toward a home warranty. Make this home yours before it's gone!

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
Freedom Elementary School Primary Regular 853 44 4
Freedom Elementary School Middle Regular 853 44 4
Youngker High School High Regular 1,580 67 3

Freedom Elementary School

  • Education Level: Primary
  • # of students: 853
  • # of teachers: 44
4
GreatSchools Rating

Freedom Elementary School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 44
4
GreatSchools Rating

Youngker High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$955
Property Tax -$198
Property Insurance -$67
HOA -$16
Property Management Fees -$99
CASH FLOW
$45

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.

$275,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.50%

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$19,452

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
  • $1,455

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,2754$1,3005$1,300
$1,300
RENT COMPS ANALYSIS
  • 1365 S 220th Drive Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1361 S 225th Lane Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.73
    •  
  • 1065 S 223rd Drive Buckeye, AZ 3
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2005
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.70
    •  
  • 22177 W Pima Street Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2005
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
  • 22159 W Desert Bloom Street Buckeye, AZ 5
    • 4 beds 3 baths ∙ 1,929 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,929 Sqft ∙ Built 2006
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.67
    •  
PROPERTY LISTING DETAILS
Michelle Reis
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178034
Last Updated: 01/16/2021
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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