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20515 N 266th Avenue Buckeye, AZ 85396

2 Beds 2 Baths 2,323 sqft Built 2007

$509,990

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $219.54
  • 62 Days on Market
  • MLS # : 6137097
  • Updated Date : 11/27/2020 at 15:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,323 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

LARGE CORNER LOT, AMAZING GOLF COURSE VIEWS, MOUNTAIN VIEWS, ROOM TO ADD A 15X 30 POOL w/FULL SUN,, PRIVATE BACK PATIO, 3 CAR GARAGE, NO CARPET! This Gorgeous fiesta floor plan sits on one of the most desirable lots in the community and offers amazing views of the White Tank Mountains and Golf course. This home shows pride of ownership, open floor plan, wide hallways, office with built in custom cabinets and desk, spacious kitchen with beautiful granite countertops, kitchen islands, SS appliances, gas cooktop, wall oven, wall microwave, loads of cabinets, eat-in kitchen, setting for 4 at high-top island, planation shutters throughout the home, oversized mater with beautiful wood-like title flooring, private sliding glass door exit to back patio.....

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Festival

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $101k358k

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

Neighborhood: Sun City Festival

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
Festival Foothills Elementary School Primary Regular 208 12 NA
Festival Foothills Elementary School Middle Regular 208 12 NA
Wickenburg High School High Regular 657 30 4

Festival Foothills Elementary School

  • Education Level: Primary
  • # of students: 208
  • # of teachers: 12
NA
GreatSchools Rating

Festival Foothills Elementary School

  • Education Level: Middle
  • # of students: 208
  • # of teachers: 12
NA
GreatSchools Rating

Wickenburg High School

  • Education Level: High
  • # of students: 657
  • # of teachers: 30
4
GreatSchools Rating
 

$458,991$560,989$509,990

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,882
Property Tax -$500
Property Insurance -$72
HOA -$48
Property Management Fees -$99
CASH FLOW
-$642

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.

$509,990

PROJECTED PRICE

$1,960

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,897

INVESTMENT

$140,897

Down Payment
$127,498
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,498
Loan Amount $382,493
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$304

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
  • $1,998

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,000
$2,000
RENT COMPS ANALYSIS
  • 20515 N 266th Avenue Buckeye, AZ 1
    • 2 beds 2 baths ∙ 2,323 Sqft ∙ Built 2007 2 beds 2 baths ∙ 2,323 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20193 N 263rd Drive Buckeye, AZ 2
    • 2 beds 2 baths ∙ 2,323 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,323 Sqft ∙ Built 2006
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
June Palmer
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6137097
Last Updated: 11/27/2020
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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