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19819 W Buchanan Street Buckeye, AZ 85326

4 Beds 3 Baths 2,170 sqft Built 2020

$375,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $172.81
  • 2 Days on Market
  • MLS # : 6194091
  • Updated Date : 02/13/2021 at 20:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,170 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Look no further! You've found the home of your dreams! Located in Buckeye, this fabulous 4 bed, 3 bath property boasts charming curb appeal with low maintenance landscaping, a 2 car garage, and much more! Step inside and you'll find a beautiful open floor plan, a fabulous kitchen equipped with ample cabinetry, Spacious kitchen island with quartz countertops, a pantry with great storage, tile backsplash, stainless steel appliances, and a lovely breakfast nook. You'll love the elegant master bedroom, which includes a spacious walk-in closet, separate his and hers vanities, and a subway tile walk in shower. This home has a large backyard with a covered patio, and tons of potential for customizing it any way you can imagine, this home simply has it all! Schedule a showing before it's gone!

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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
 

$337,500$412,500$375,000

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 -$1,303
Property Tax -$254
Property Insurance -$69
HOA -$84
Property Management Fees -$99
CASH FLOW
$131

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.52%

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) 3.00%
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$20k

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$101,375

INVESTMENT

$101,375

Down Payment
$93,750
Rehab Estimate
$2,000
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$35,322

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
  • $0.89

    LIST RENT PER SQFT
  • $1,915

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,8003$1,9404$2,0505$2,050
$2,050
RENT COMPS ANALYSIS
  • 19819 W Buchanan Street Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.89
    •  
  • 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
    •  
  • 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
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 19928 W Buchanan Street Buckeye, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Suzzanne Klug
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194091
Last Updated: 02/13/2021
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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