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20554 W Briarwood Drive Buckeye, AZ 85396

4 Beds 4 Baths 2,876 sqft Built 2016

$494,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $172.08
  • 2 Days on Market
  • MLS # : 6163596
  • Updated Date : 11/21/2020 at 15:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,876 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

***BACK ON THE MARKET***Don't miss this MUST see in Verrado. No expenses were spared with over 160k in upgrades inside and out. The inside boasts a formal dining, den, living room and a gourmet kitchen with granite countertops, back splash and white shaker cabinets. This home includes a central vac system, wired surround sound in all living areas and outside as well as pre-wiring for several security cameras. Enjoy true outdoor living with a private courtyard on the side of the home, and a backyard oasis including a putting green, large pool, and grassy area.Leased solar cost is average of $122 per month - AVERAGE MONTHLY APS BILL IS ONLY $56.25 PER MONTH!

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
 

$445,410$544,390$494,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,826
Property Tax -$460
Property Insurance -$83
HOA -$116
Property Management Fees -$99
CASH FLOW
-$404

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.

$494,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.44%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,899

INVESTMENT

$136,899

Down Payment
$123,725
Rehab Estimate
$5,750
Closing Costs
$7,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,725
Loan Amount $371,175
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,142

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
  • $2,330

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,2004$2,3005$2,600
$2,600
RENT COMPS ANALYSIS
  • 20554 W Briarwood Drive Buckeye, AZ 1
    • 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3951 N Founder Circle Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 2849 N Heritage Street Buckeye, AZ 3
    • 4 beds 4 baths ∙ 2,975 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,975 Sqft ∙ Built 2008
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.74
    •  
  • 20938 W Berkeley Road Buckeye, AZ 4
    • 5 beds 3 baths ∙ 2,685 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,685 Sqft ∙ Built 2020
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 20466 W Lost Creek Drive Buckeye, AZ 5
    • 4 beds 4 baths ∙ 2,980 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,980 Sqft ∙ Built 2005
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.87
    •  
PROPERTY LISTING DETAILS
Loryn Bamberg
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163596
Last Updated: 11/21/2020
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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