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20411 W Monarch Court Buckeye, AZ 85396

4 Beds 3 Baths 2,596 sqft Built 2006

$525,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $202.23
  • 6 Days on Market
  • MLS # : 6190034
  • Updated Date : 02/11/2021 at 23:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,596 sqft
  • Baths : 3 full
Listing Agent

Argo Real Estate Professionals

Listing Agent's Description

Spectacular home in VERRADO! Once you see this beauty in person you won't want to leave!! Enjoy some time on the front porch with UNOBSTRUCTED VIEWS of the MOUNTAINS! Once inside you'll find a separate bedroom and bathroom perfect for guests! Master bedroom has views of the BEAUTIFUL backyard oasis. Also enjoy the walk in closet, dual sinks, and SOAKING TUB in the master! Custom cabinets in the kitchen for maximum storage and a breakfast bar! This home was destined for entertaining with a BUILT IN ENTERTAINMENT CENTER!! Step out of the house into your own OASIS! Beautiful Pebbletec POOL and waterfall! Additional perks of this INCREDIBLE single story are, water softener, sunscreens, shelves in both the laundry room and garage! Plenty more to do in the community as well!! Come See today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $101k367k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8631981

* 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
Verrado Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,824
Property Tax -$488
Property Insurance -$78
HOA -$113
Property Management Fees -$99
CASH FLOW
-$361

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.

$525,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,891

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,116

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,0754$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 20411 W Monarch Court Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,596 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4077 N Golf Drive Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 2903 N Clanton Street Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2017
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.83
    •  
  • 4148 N Evergreen Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2004
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 3951 N Founder Circle Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
PROPERTY LISTING DETAILS
Damian Godoy
Argo Real Estate Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190034
Last Updated: 02/11/2021
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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