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20712 W Medlock Drive Buckeye, AZ 85396

2 Beds 2 Baths 1,883 sqft Built 2021

$495,839

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $263.32
  • 2 Days on Market
  • MLS # : 6263301
  • Updated Date : 07/13/2021 at 16:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,883 sqft
  • Baths : 2 full
Listing Agent

David Weekley Homes

Listing Agent's Description

Designed to improve your everyday life while presenting the perfect atmosphere for social gatherings with family and friends, this open energy efficient plan in Victory has it all and more. Begin and end each day in the comfort of your owner's suite boasting a spa-like tiled super shower and large walk-in closet. The streamlined gourmet kitchen with stainless GE appliances, custom tiled backsplash, pendent lighting, upgraded white cabinets and large granite island provides the perfect space for entertaining on Friday or breakfast on Sunday. With upgraded 12x24'' tile, 2-tone paint and 8' doors throughout, this 2 bed, 2 bath + study home will not disappoint. EXTENSIVE NEW HOME WARRANTY. See you soon!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85396

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $101k324k

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

Zip Code: 85396

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8631734

* 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 Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$446,255$545,423$495,839

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,722
Property Tax -$461
Property Insurance -$64
HOA -$305
Property Management Fees -$99
CASH FLOW
-$291

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$495,839

PROJECTED PRICE

$2,360

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
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-$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$133,397

INVESTMENT

$133,397

Down Payment
$123,960
Rehab Estimate
$2,000
Closing Costs
$7,438

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,722

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,960
Loan Amount $371,879
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,725

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
  • $2,368

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,1504$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 20712 W Medlock Drive Buckeye, AZ 1
    • 2 beds 2 baths ∙ 1,883 Sqft ∙ Built 2021 2 beds 2 baths ∙ 1,883 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20757 W Medlock Drive Buckeye, AZ 2
    • 2 beds 3 baths ∙ 1,632 Sqft ∙ Built 2020 2 beds 3 baths ∙ 1,632 Sqft ∙ Built 2020
    property image
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.23
    •  
  • 20763 W Colter Street Buckeye, AZ 3
    • 2 beds 2 baths ∙ 1,686 Sqft ∙ Built 2020 2 beds 2 baths ∙ 1,686 Sqft ∙ Built 2020
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.28
    •  
  • 20765 W Minnezona Avenue Buckeye, AZ 4
    • 2 beds 3 baths ∙ 1,771 Sqft ∙ Built 2017 2 beds 3 baths ∙ 1,771 Sqft ∙ Built 2017
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.36
    •  
  • 20531 W Mariposa Street Buckeye, AZ 5
    • 2 beds 2 baths ∙ 2,142 Sqft ∙ Built 2020 2 beds 2 baths ∙ 2,142 Sqft ∙ Built 2020
    property image
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.16
    •  
PROPERTY LISTING DETAILS
Clayton Denk
David Weekley Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263301
Last Updated: 07/13/2021
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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