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20462 W Thayer Street Buckeye, AZ 85396

5 Beds 4 Baths 3,232 sqft Built 2007

$525,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $162.44
  • 2 Days on Market
  • MLS # : 6204715
  • Updated Date : 03/20/2021 at 21:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,232 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Top Rated Master Planned Community of Verrado home in A Rated Litchfield School District with Mountain views! Home sits across from green park in the Mainstreet district. Home boasts master on 1st floor plus additional guest suite with bathroom downstairs. 3 additional beds up & large loft with balcony overlooking green space. Kitchen with granite counters, island, pantry, gas stove & open concept. 1st floor laundry. This floorpan offers multiple office and home schooling options. North/South Facing & Mountain Views. Verrado offers 2 community pools, lap pool, gym, 78 parks, 21 miles of hiking/biking/walking trails & 2 golf courses.

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

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,824
Property Tax -$488
Property Insurance -$90
HOA -$113
Property Management Fees -$99
CASH FLOW
-$363

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

$2,250

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

$4,753

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,351

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,2504$2,2505$2,700
$2,700
RENT COMPS ANALYSIS
  • 20462 W Thayer Street Buckeye, AZ 4
    • 5 beds 4 baths ∙ 3,232 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,232 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.70
    •  
  • 20811 W Prospector Way Buckeye, AZ 1
    • 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.65
    •  
  • 20465 W Thayer Street Buckeye, AZ 2
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 20865 W Edith Way Buckeye, AZ 3
    • 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
  • 20450 W Crescent Drive Buckeye, AZ 5
    • 4 beds 4 baths ∙ 3,371 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,371 Sqft ∙ Built 2005
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
Tiffany Topie
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204715
Last Updated: 03/20/2021
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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