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20221 W Tonto Street Buckeye, AZ 85326

3 Beds 2 Baths 1,404 sqft Built 2016

$280,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $199.43
  • 17 Days on Market
  • MLS # : 6165374
  • Updated Date : 12/11/2020 at 19:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,404 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Looking for a new place to call home? You've found it! Located in prestigious Blue Horizons in Buckeye, this lavish 3 bed, 2 bath property boasts a charming facade with desert landscaping, a 2 car garage, and much more! Inside you will find an open floor plan with vaulted ceilings and designer paint throughout. You'll love the charming kitchen, with its ample cabinetry, granite countertops, stainless steel appliances, recessed lighting, and small breakfast bar. The stunning master bedroom features a spacious walk-in closet as well as a private bath with dual vanity, ideal for couples. Also including a cozy backyard with a covered patio and tons of potential for customizing it any way you can imagine and truly make it your own, this home simply has it all! Schedule a showing 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
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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,033
Property Tax -$190
Property Insurance -$55
HOA -$81
Property Management Fees -$99
CASH FLOW
-$137

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.

$280,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.5%
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$10k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,211

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3003$1,3204$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 20221 W Tonto Street Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.94
    •  
  • 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
    •  
  • 20258 W Desert Bloom Street Buckeye, AZ 2
    • 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
Sosa S Justine
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165374
Last Updated: 12/11/2020
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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