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20162 W Madison Street Buckeye, AZ 85326

3 Beds 2 Baths 1,725 sqft Built 2018

$359,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $208.12
  • 2 Days on Market
  • MLS # : 6190752
  • Updated Date : 02/06/2021 at 05:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,725 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Move in ready 3 bed, 2 bath home, with den and pool. Features include stunning wood plank tile throughout, light gray shaker cabinets, quarts countertops, large island, black stainless steel KitchenAid appliances, eat in kitchen adjacent to light and bright great room. Owner suite is spacious and the spa like en-suite bath has dual sinks and a huge walk-in shower with timeless subway tile. Backyard is lush with sparkling play pool & mountain views. Don't miss out write your offer today!!

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
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,247
Property Tax -$243
Property Insurance -$61
HOA -$81
Property Management Fees -$99
CASH FLOW
-$291

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.

$359,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.40%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,471

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3953$1,4404$1,4505$1,800
$1,800
RENT COMPS ANALYSIS
  • 20162 W Madison Street Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.83
    •  
  • 21820 W Mohave Street Buckeye, AZ 1
    • 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.83
    •  
  • 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
    •  
  • 19564 W Harrison Street Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 2013
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 19428 W Monroe Street Buckeye, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Sarah Buchanan
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190752
Last Updated: 02/06/2021
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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