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20628 W Walton Drive Buckeye, AZ 85396

5 Beds 4 Baths 3,053 sqft Built 2011

$525,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $171.96
  • 2 Days on Market
  • MLS # : 6160593
  • Updated Date : 11/14/2020 at 09:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,053 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

FABULOUS Verrado location, steps from spacious Walton park, this energy focused Meritage home is ready & waiting. Iconic Verrado welcoming front porch, entry hall, formal dining and den & that's just the front of the house! AND contemporary decor styling throughout is sure to please! Four bedrooms upstairs and a spacious private guest suite downstairs with walk-in closet and private bath AND kitchenette in large, adjacent laundry room. Kitchen with upgrade white cabs, island, walk in pantry, butler pantry; great room which looks out to beautiful back yard. This large lot (9100'!) is great for entertaining under the gazebo or covered patio area, enjoying the raised bed planters or playing on the grass. Purifi Air whole house air filtration system conveys! AC in garage, too!

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,937
Property Tax -$488
Property Insurance -$87
HOA -$116
Property Management Fees -$99
CASH FLOW
-$556

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.

$525,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.41%

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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,282

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,1704$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 20628 W Walton Drive Buckeye, AZ 3
    • 5 beds 4 baths ∙ 3,053 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,053 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.71
    •  
  • 20869 W Court Street Buckeye, AZ 1
    • 4 beds 4 baths ∙ 2,739 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,739 Sqft ∙ Built 2004
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 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
    •  
  • 20465 W Thayer Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 20865 W Edith Way Buckeye, AZ 5
    • 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
PROPERTY LISTING DETAILS
Karen Milhous
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160593
Last Updated: 11/14/2020
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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