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20531 W Mariposa Street Buckeye, AZ 85396

2 Beds 3 Baths 2,141 sqft Built 2020

$439,990

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $205.51
  • 5 Days on Market
  • MLS # : 6159238
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,141 sqft
  • Baths : 2 full , 1 half
Listing Agent

K. Hovnanian Great Western Homes, Llc

Listing Agent's Description

Views, Golf, Swimming, Restaurants, Pickle ball, Lifestyle is all yours! This Cardinal has upgraded gourmet kitchen with stainless steel appliances, maple stained charcoal cabinets & white ice quartz countertops. Open living / dining area adjacent to the kitchen and extended covered patio. Spacious great room with vaulted ceiling and 15 ft multi-slider door. Lovely owners suite with spa bath & large walk-in closet. Home has upgraded flooring through-out as well and is a MUST see. Available for a quick move in. Don't wait to see this one before it's gone.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Buckeye

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k324k

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

Neighborhood: Central Buckeye

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621699

* 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 Elementary School Primary Regular 897 39 8
Verrado Elementary School Middle Regular 897 39 8
Verrado High School High Regular 1,855 74 4

Verrado Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 39
8
GreatSchools Rating

Verrado Elementary School

  • Education Level: Middle
  • # of students: 897
  • # of teachers: 39
8
GreatSchools Rating

Verrado High School

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

$395,991$483,989$439,990

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,623
Property Tax -$409
Property Insurance -$69
HOA -$226
Property Management Fees -$99
CASH FLOW
-$296

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$439,990

PROJECTED PRICE

$2,130

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 15.4%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,597

INVESTMENT

$118,597

Down Payment
$109,998
Rehab Estimate
$2,000
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,998
Loan Amount $329,993
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$5,932

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
  • $2,130

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,8954$2,1505$2,400
$2,400
RENT COMPS ANALYSIS
  • 20531 W Mariposa Street Buckeye, AZ 1
    • 2 beds 3 baths ∙ 2,141 Sqft ∙ Built 2020 2 beds 3 baths ∙ 2,141 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4980 N 206th Lane Buckeye, AZ 2
    • 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 2019 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 2019
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
  • 5011 N 206th Drive Buckeye, AZ 3
    • 2 beds 3 baths ∙ 1,991 Sqft ∙ Built 2019 2 beds 3 baths ∙ 1,991 Sqft ∙ Built 2019
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
  • 4672 N 206th Lane Buckeye, AZ 4
    • 2 beds 3 baths ∙ 2,297 Sqft ∙ Built 2016 2 beds 3 baths ∙ 2,297 Sqft ∙ Built 2016
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
  • 20606 W Minnezona Avenue Buckeye, AZ 5
    • 2 beds 2 baths ∙ 2,280 Sqft ∙ Built 2017 2 beds 2 baths ∙ 2,280 Sqft ∙ Built 2017
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
PROPERTY LISTING DETAILS
Chad Fuller
K. Hovnanian Great Western Homes, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159238
Last Updated: 11/13/2020
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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