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20358 W Springfield Street 
Buckeye, AZ
85396
4 Beds 3 Baths 3,538 sqft
Built 2006
INVESTimate
$460,000
List Price
$127,650
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $130.02
- 3 Days on Market
- MLS # : 6117571
- Updated Date : 08/24/2020 at 12:58
CONSTRUCTION
- Beds : 4
- Floor Size : 3,538 sqft
- Baths : 2 full , 1 half
Listing Agent
Verrado Realty Llc
Listing Agent's Description
Great Family Home in beautiful Verrado! This lovely Engle/Ecanto model speaks for itself. Upgrades include: wood floors, granite counter tops, stone back splash, extra wide base boards, and new dishwasher 08/2020. It features 4 bedrooms, 2.5 baths, and a spacious den or office. In addition to the bedrooms up, there is an XL plus room that can be used for a multi-media room/playroom/school room. Dining has a gorgeous chandelier, the entertainment center is custom stone with a beautiful mantel, as well as upgraded lighting fixtures and fans throughout the home. Home is on a lovely tree lined street, and a whisper from Verrado's A+ Schools. Verrado offers 20+ miles of hiking trails, 80+ parks, 2 Public Golf Courses, 3 pools, Fitness Center, Main Street with Shops, Restaurants and Salon.
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PRICE & RENT TRENDS
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Verrado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,440 |
| EXPENSES | Loan Payment | -$1,697 |
| Property Tax | -$427 | |
| Property Insurance | -$96 | |
| HOA | -$116 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$4
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$460,000
PROJECTED PRICE
$2,440
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.44% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$127,650
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
5.08
YEARS SAVED
$28,361
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,440
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,654
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
20358 W Springfield Street Buckeye, 1
- 4 beds 3 baths ∙ 3,538 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,538 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,440
- $0.69
-
20432 W Legend Trail Buckeye, 2
- 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,450
- $0.72
-
3779 N Denny Way Buckeye, 3
- 5 beds 3 baths ∙ 3,781 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,781 Sqft ∙ Built 2005
LEASED 12/03/19- Rent
- Rent Per SQFT
- $2,940
- $0.78
PROPERTY LISTING DETAILS
Verrado Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6117571
Last Updated: 08/24/2020
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.
