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20618 W Lost Creek Drive Buckeye, AZ 85396

4 Beds 3 Baths 2,765 sqft Built 2005

$419,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $151.86
  • 7 Days on Market
  • MLS # : 6162932
  • Updated Date : 12/03/2020 at 10:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,765 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

Stunning curb appeal with an inviting front porch that says ''Welcome Home.'' Walk in and enjoy a spacious open floor plan with plenty of space to entertain. Added sq/ft and an office/den make this the perfect place to work from home! The eat-in kitchen has a plethora of custom cabinets, granite counters, black appliances and breakfast bar seating. The family room has built-in niches and a cozy fireplace. Interior laundry. Powder room off the main living area. Generous sized master has a full bath with split double vanity, soaking tub, tiled step-in shower and a walk-in closet. The serene backyard has a covered patio, extended brick paver patio and mature shade trees. All of this in the amazing community of Verrado! Truly a must see home.

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 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
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,549
Property Tax -$398
Property Insurance -$81
HOA -$13
Property Management Fees -$99
CASH FLOW
$10

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.

$419,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.51%

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$0.0$5.0k$10k$15k$20k

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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$27,863

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,150

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,309

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,1954$2,3005$2,600
$2,600
RENT COMPS ANALYSIS
  • 20618 W Lost Creek Drive Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
  • 3951 N Founder Circle Buckeye, AZ 1
    • 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
    •  
  • 4148 N Evergreen Street Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2004
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 20604 W Hazelwood Avenue Buckeye, AZ 4
    • 3 beds 4 baths ∙ 2,683 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,683 Sqft ∙ Built 2018
    LEASED 05/01/20
    • 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
Alexander M Prewitt
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162932
Last Updated: 12/03/2020
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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