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20188 W Tonto Street Buckeye, AZ 85326

3 Beds 2 Baths 1,610 sqft Built 2017

$285,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $177.02
  • 6 Days on Market
  • MLS # : 6158695
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Wow! This is your chance to own a wonderful single level property located in prestigious Blue Horizons in Buckeye. Impressive home provides beautiful stone accents on the facade and low maintenance desert front and back landscaping. Step inside this beauty to find 3 bed, 2 bath, vaulted ceilings, neutral color palette, gorgeous wood-like tile, and lots of natural light. Spotless eat-in kitchen is a cook's delight with granite counter-tops, plenty cabinet space, dreamy pendant/recessed lighting, high-end appliances, pantry, and centered island with sink & breakfast bar. Bright master suite includes an impeccable full bath with dual sinks and walk-in closet. Perfectly sized backyard with covered patio is ideal for relaxing afternoons. What's not to like?

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$1,052
Property Tax -$193
Property Insurance -$59
HOA -$81
Property Management Fees -$99
CASH FLOW
-$223

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.

$285,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.44%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,060

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,369

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3003$1,3004$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 20188 W Tonto Street Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.78
    •  
  • 20261 W Sherman Street Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2018
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.78
    •  
  • 20258 W Desert Bloom Street Buckeye, AZ 3
    • 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 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Julie Calza
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158695
Last Updated: 11/13/2020
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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