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1366 S 221st Lane S Buckeye, AZ 85326

4 Beds 3 Baths 2,375 sqft Built 2005

$325,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $136.84
  • 5 Days on Market
  • MLS # : 6183506
  • Updated Date : 01/20/2021 at 22:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,375 sqft
  • Baths : 3 full
Listing Agent

Af Realty

Listing Agent's Description

GREAT HOME ON LARGE CUL DE SAC LOT, NEAR SHOPPING AND ELEMENTARY SCHOOL. NEW CARPET WILL BE INSTALLED UPSTAIRS BEDROOMS. 1 FULL BEDROOM AND BATHROOM DOWNSTAIRS. LONGER DRIVEWAY CAN ACCOMMODATE UP TO 4 CARS. GOOD SIZED BACKYARD WITH MATURE SIS SOU TREES ALONG WEST WALL OFFER AFTERNOON SHADE AND PRIVACY. SHADE SCREENS ON WINDOWS & CEILING FANS KEEP HOME COOL. SOLAR SYSTEM IS LEASE

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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,129
Property Tax -$234
Property Insurance -$73
HOA -$14
Property Management Fees -$99
CASH FLOW
-$219

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.

$325,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.41%

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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,398

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
  • $1,437

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3493$1,3954$1,4005$1,495
$1,495
RENT COMPS ANALYSIS
  • 1366 S 221st Lane S Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21752 W Mohave Street Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2006
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.62
    •  
  • 1100 S 223rd Lane Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.62
    •  
  • 21835 W Cocopah Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.57
    •  
  • 1526 S 217th Drive Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.61
    •  
PROPERTY LISTING DETAILS
Daniel R Perez
Af Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183506
Last Updated: 01/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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