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20261 W Sherman Street Buckeye, AZ 85326

3 Beds 2 Baths 1,664 sqft Built 2018

$315,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $189.30
  • 5 Days on Market
  • MLS # : 6192325
  • Updated Date : 02/13/2021 at 01:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,664 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

This 3 Bedroom home is ready to move in. Open floor plan. Kitchen has lots of cabinet space and large island. Nice covered Patio and corner lot.This home is close to shopping.you will like the split floor plan.

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,094
Property Tax -$220
Property Insurance -$60
HOA -$81
Property Management Fees -$99
CASH FLOW
-$84

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.

$315,000

PROJECTED PRICE

$1,470

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$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$11,547

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4703$1,7954$1,7995$1,800
$1,800
RENT COMPS ANALYSIS
  • 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
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.88
    •  
  • 20129 W Monroe Street Buckeye, AZ 1
    • 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 3
    • 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
    •  
  • 20164 W Sherman Street Buckeye, AZ 4
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2018
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.99
    •  
  • 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
Ellen Baker
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192325
Last Updated: 02/13/2021
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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