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1709 W Buckhorn Trail 
Phoenix, AZ
85085
3 Beds 3 Baths 1,486 sqft
Built 2010
INVESTimate
$353,000
List Price
$99,295
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PROPERTY INFO
FACTS
- Built In 2010
- Price/Sqft : $237.55
- 3 Days on Market
- MLS # : 6122065
- Updated Date : 08/24/2020 at 17:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,486 sqft
- Baths : 2 full , 1 half
Listing Agent
Opendoor Brokerage, Llc
Listing Agent's Description
This Phoenix two-story home offers granite countertops, and a two-car garage. This home is vacant and cleaned regularly.
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PRICE & RENT TRENDS
Neighborhood: North Gateway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Gateway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$211 | |
| Property Insurance | -$56 | |
| HOA | -$133 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$282
|
||
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.
$353,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 3.32% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,295
LOAN DETAILS
$1,302
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,250 |
| Loan Amount | $264,750 |
1.58
YEARS SAVED
$3,817
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,586
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
1709 W Buckhorn Trail Phoenix, 1
- 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $1,520
- $1.02
-
2402 W White Feather Lane Phoenix, 2
- 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,650
- $1.06
-
2415 W White Feather Lane Phoenix, 3
- 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,650
- $1.06
-
28007 N 23rd Lane Phoenix, 4
- 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 2002
LEASED 09/07/19- Rent
- Rent Per SQFT
- $1,675
- $1.10
-
1622 W Big Oak Street Phoenix, 5
- 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 2008
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,875
- $1.05
PROPERTY LISTING DETAILS
Opendoor Brokerage, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122065
Last Updated: 08/24/2020
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.
