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20703 W Hamilton Street Buckeye, AZ 85396

3 Beds 2 Baths 1,738 sqft Built 2010

$395,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $227.27
  • 3 Days on Market
  • MLS # : 6176206
  • Updated Date : 01/02/2021 at 02:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,738 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Single story home in Verrado in beautiful tree lined street. Desirable corner lot across from green belt. Split floor plan with 3 bedrooms plus den. Open kitchen to living and dining room area. Plantation shutters throughout home. Low maintenance landscape. Heritage resort style community pool nearby. Verrado has 78 community parks, an amazing golf club,, gym, community pools, and main street with restaurants and shops.

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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,457
Property Tax -$367
Property Insurance -$61
HOA -$116
Property Management Fees -$99
CASH FLOW
-$390

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.

$395,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,522

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7103$1,7504$1,7955$1,825
$1,825
RENT COMPS ANALYSIS
  • 20703 W Hamilton Street Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.98
    •  
  • 2842 N Claire Drive Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2008
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 2890 N Claire Drive Buckeye, AZ 3
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2008
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 2958 N Evergreen Street Buckeye, AZ 4
    • 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 2008
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 2670 N Heritage Street Buckeye, AZ 5
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2017
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.97
    •  
PROPERTY LISTING DETAILS
Elizabeth Garcia
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176206
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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