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19226 W Monroe Street Buckeye, AZ 85326

4 Beds 3 Baths 2,228 sqft Built 2011

$315,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $141.38
  • 5 Days on Market
  • MLS # : 6200114
  • Updated Date : 02/27/2021 at 04:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,228 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nexgen Real Estate

Listing Agent's Description

The perfect Vista De Montana Pulte home located on a corner lot with no neighbors to the east. Enjoy an inviting grassy hill to read, play or soak up in the Arizona Sun. An ideal and cozy size home welcoming you into a sitting room as you enter the front door, to a nice size tiled kitchen and family room perfect for entertaining guest. This adorable 2 story home features a 2 car garage, 4 bedroom, 2.5 baths and a spacious loft on the second floor. It's a nice home that will not last !

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vista de Montana

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Vista de Montana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7061567

* 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
Youngker High School High Regular 1,580 67 3

Youngker High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,094
Property Tax -$275
Property Insurance -$71
HOA -$80
Property Management Fees -$99
CASH FLOW
$151

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$30,871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,172

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,8003$1,9504$1,9955$2,140
$2,140
RENT COMPS ANALYSIS
  • 19226 W Monroe Street Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.79
    •  
  • 19428 W Monroe Street Buckeye, AZ 2
    • 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2008
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 19739 W Adams Street Buckeye, AZ 3
    • 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2019
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.99
    •  
  • 18968 W Monroe Street Buckeye, AZ 4
    • 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2020
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.00
    •  
  • 19026 W Morning Glory Drive Buckeye, AZ 5
    • 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 2020
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.02
    •  
PROPERTY LISTING DETAILS
Robert Dominguez
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200114
Last Updated: 02/27/2021
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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