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20462 W White Rock Road Buckeye, AZ 85396

3 Beds 2 Baths 1,961 sqft Built 2007

$375,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $191.23
  • 107 Days on Market
  • MLS # : 6108211
  • Updated Date : 11/07/2020 at 22:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,961 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Absolutely stunning 3/2 in one of the most sought-after communities, Verrado, in Buckeye, AZ! Gorgeous kitchen is a chef's dream with granite counters, breakfast bar, stainless steel appliances, island, upgraded cherry staggered cabinets with crown molding, pantry and recessed lighting! Split floor plan! Full master bath with separate Jetted Tub and Shower and dual sinks! Large walk-in closet! Ceiling fans throughout! Tile is 20'' throughout and new carpet in the bedrooms! New interior paint! Convenient inside utility room. Situated across the street from a beautiful park! 2-car garage with extended driveway for 4 vehicles! Professional photos coming soon!

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 Heritage Elementary School Primary Regular NA
Verrado Heritage Elementary School Middle Regular NA
Verrado High School High Regular 1,855 74 4

Verrado Heritage Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado Heritage Elementary School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,384
Property Tax -$348
Property Insurance -$65
HOA -$116
Property Management Fees -$99
CASH FLOW
-$392

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.

$375,000

PROJECTED PRICE

$1,620

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,037

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
  • $1,740

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,6954$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 20462 W White Rock Road Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20537 W Terrace Lane Buckeye, AZ 2
    • 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 2016
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 3467 N Hooper Street Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2006
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 20559 W Point Ridge Road W Buckeye, AZ 4
    • 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2017
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 3254 N Park Street Buckeye, AZ 5
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2012
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lori Klindera
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6108211
Last Updated: 11/07/2020
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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