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20550 N 261st Avenue Buckeye, AZ 85396

2 Beds 2 Baths 1,230 sqft Built 2007

$235,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $191.06
  • 2 Days on Market
  • MLS # : 6184887
  • Updated Date : 01/23/2021 at 15:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,230 sqft
  • Baths : 2 full
Listing Agent

Pro-formance Realty Concepts

Listing Agent's Description

You have found your new home!! This house is a great starter home for a family just starting out or anyone looking to downsize and enjoy the privacy. Upgraded blinds throughout the house, Soft Water System, refrigerator, washer, dryer and security cameras all convey. Frosted glass door on the pantry, grab bars in master, at front door and at the garage access door. Garage has beautiful like new storage cabinets and an epoxy floor. Come see this one before it is gone..

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Festival Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $97k271k

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

Neighborhood: Festival Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8631567

* 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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$816
Property Tax -$191
Property Insurance -$51
HOA -$33
Property Management Fees -$99
CASH FLOW
$100

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$235,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$22,376

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
  • $1,341

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2504$1,600
$1,600
RENT COMPS ANALYSIS
  • 20550 N 261st Avenue Buckeye, AZ 1
    • 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20558 N 260th Lane Buckeye, AZ 2
    • 2 beds 2 baths ∙ 1,099 Sqft ∙ Built 2015 2 beds 2 baths ∙ 1,099 Sqft ∙ Built 2015
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.09
    •  
  • 20618 N 262nd Avenue Buckeye, AZ 3
    • 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 2007
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 26534 W Potter Drive Buckeye, AZ 4
    • 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006
    property image
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.16
    •  
PROPERTY LISTING DETAILS
Jerry W Moore
Pro-formance Realty Concepts
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184887
Last Updated: 01/23/2021
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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