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19919 W Lincoln Street Buckeye, AZ 85326

3 Beds 2 Baths 1,664 sqft Built 2016

$275,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $165.26
  • 3 Days on Market
  • MLS # : 6154317
  • Updated Date : 11/02/2020 at 15:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,664 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Find your style in Blue Horizons! Walk through the grand entrance corridor into this exquisite Energy Star certified 1664 sqft 3bd/2bath home that has everything you are looking for - including wood-look vinyl plank flooring, kitchen island, gas appliances, and so much more! Enjoy your evenings in the serenity of the backyard oasis, check out the community fitness path, and have plenty of room for entertaining with the open concept layout. Truly a must-see, it will not last long!!

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,015
Property Tax -$186
Property Insurance -$60
HOA -$82
Property Management Fees -$99
CASH FLOW
$68

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.

$275,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$25,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,568

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3953$1,5104$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 19919 W Lincoln Street Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.91
    •  
  • 20258 W Desert Bloom Street Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 2013
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 20129 W Monroe Street Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2019
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 19758 W Washington Street Buckeye, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
William (bill) J Rosene
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154317
Last Updated: 11/02/2020
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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