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19606 W Morning Glory Street Buckeye, AZ 85326

5 Beds 3 Baths 1,850 sqft Built 2012

$305,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $164.86
  • 3 Days on Market
  • MLS # : 6162975
  • Updated Date : 11/20/2020 at 11:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,850 sqft
  • Baths : 3 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single story home in Blue Horizons! This home has been refreshed with new interior paint and new carpet. One bedroom and ful bathroom just off the entry, perfect for guests.Open concept living and dining toward the back of the home. The kitchen features granite countertops, an island with breakfast bar, stainless steel appliances and a spacious pantry. The primary bedroom has a double door entry and vaulted ceilings. The primary ensuite bathroom has dual sinks, separate shower and tub and a walk in closet. Close ot the community park. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Blue Horizons

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $96k271k

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

Neighborhood: Blue Horizons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8181567

* 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
Liberty Elementary School Primary Regular 571 33 5
Liberty Elementary School Middle Regular 571 33 5
Youngker High School High Regular 1,580 67 3

Liberty Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 33
5
GreatSchools Rating

Liberty Elementary School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 33
5
GreatSchools Rating

Youngker High School

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

$274,500$335,500$305,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,125
Property Tax -$207
Property Insurance -$63
HOA -$82
Property Management Fees -$99
CASH FLOW
$124

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.

$305,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.5%
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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$34,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,850

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8004$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 19606 W Morning Glory Street Buckeye, AZ 1
    • 5 beds 3 baths ∙ 1,850 Sqft ∙ Built 2012 5 beds 3 baths ∙ 1,850 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 19758 W Washington Street Buckeye, AZ 2
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2020
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 19787 W Jefferson Street Buckeye, AZ 3
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2020
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 19739 W Adams Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2019
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.99
    •  
  • 19729 W Washington Street Buckeye, AZ 5
    • 5 beds 3 baths ∙ 1,968 Sqft ∙ Built 2020 5 beds 3 baths ∙ 1,968 Sqft ∙ Built 2020
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162975
Last Updated: 11/20/2020
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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