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19631 W Lincoln Street Buckeye, AZ 85326

4 Beds 4 Baths 2,369 sqft Built 2016

$425,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $179.40
  • 3 Days on Market
  • MLS # : 6201504
  • Updated Date : 03/05/2021 at 04:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,369 sqft
  • Baths : 4 full
Listing Agent

3rd Base Realty Group Llc

Listing Agent's Description

So much space! 4 bedrooms, 4 bathrooms, a 3 car garage and guest suite with private entrance and in house access. You will find lots of tile and many upgrades throughout this beautiful home. The gourmet kitchen includes stainless steel appliances and a gas cooktop. Step outside and practice your putting swing on the putting green in the backyard. The guest suite is a quiet area that is great for a home office, school work, and guests.

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
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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,476
Property Tax -$286
Property Insurance -$73
HOA -$81
Property Management Fees -$99
CASH FLOW
-$75

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.

$425,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.46%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,114

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,9403$2,0504$2,0505$2,195
$2,195
RENT COMPS ANALYSIS
  • 19631 W Lincoln Street Buckeye, AZ 2
    • 4 beds 4 baths ∙ 2,369 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,369 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.82
    •  
  • 19728 W Madison Street Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2019
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 19928 W Buchanan Street Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.94
    •  
  • 19949 W Harrison Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.94
    •  
  • 19180 W Adams Street Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2012
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.93
    •  
PROPERTY LISTING DETAILS
Amy Hayslett
3rd Base Realty Group Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201504
Last Updated: 03/05/2021
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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