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19871 W Woodlands Avenue Buckeye, AZ 85326

3 Beds 3 Baths 2,361 sqft Built 2017

INVESTimate

$325,000

List Price

$1,520

$1,368 - $1,672

Rent Est.

$342,908  ( +5.51%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $137.65
  • 2 Days on Market
  • MLS # : 6122492
  • Updated Date : 08/25/2020 at 16:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,361 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Welcome Home! This gorgeous move-in ready 3 bed + loft, 2.5 bath property boasts desert front landscaping, 2 car garage with epoxied floor, formal dining and living areas, neutral paint and upgraded wood plank tile throughout main living dining and kitchen areas. The open kitchen offers granite counter tops, back splash, gas range, ample cabinet and counter space, a pantry, recessed lighting, and a lovely breakfast bar. Inside the stunning Master bedroom you will find double sinks with walk-in shower and large walk-in closet. Out back, you will find a covered patio and large open space waiting for you to add your own personal touch. Located in the community of Blue Horizon which features a beautiful playground and basketball counts, with grassy park areas.

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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,199
Property Tax -$220
Property Insurance -$73
HOA -$81
Property Management Fees -$99
CASH FLOW
-$152

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.

$325,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.51%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,670

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5504$1,5505$1,850
$1,850
RENT COMPS ANALYSIS
  • 19871 W Woodlands Avenue Buckeye, 1
    • 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19926 W Monroe Street Buckeye, 2
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2017
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.66
    •  
  • 20261 W Desert Bloom Street Buckeye, 3
    • 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 2014
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.66
    •  
  • 226 N 199th Drive Buckeye, 4
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2018
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.66
    •  
  • 19928 W Buchanan Street Buckeye, 5
    • 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2020
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
PROPERTY LISTING DETAILS
Michelle Riley
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122492
Last Updated: 08/25/2020
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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