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20730 W Maiden Lane Buckeye, AZ 85396

3 Beds 3 Baths 1,705 sqft Built 2008

$270,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $158.36
  • 5 Days on Market
  • MLS # : 6164455
  • Updated Date : 11/25/2020 at 12:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,705 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

This is It! Perfect opportunity to own your own home in the highly desired community of Verrado for under $300K. This well cared for 3 bedroom / 2.5 bathroom home w/ private side yard and 2 car garage has tiled floors on the main floor, laminate wood flooring upstairs, and granite counter tops in the kitchen. This beautiful home overlooks a common green space and is located in close proximity of the Verrado Heritage Elementary School, Parks, Heritage Swim Park, and Access to the Interstate for easy commuting.

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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$996
Property Tax -$251
Property Insurance -$60
HOA -$116
Property Management Fees -$99
CASH FLOW
$78

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.

$270,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$23,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6004$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 20730 W Maiden Lane Buckeye, AZ 3
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 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
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 2854 N Claire Drive Buckeye, AZ 2
    • 4 beds 4 baths ∙ 1,756 Sqft ∙ Built 2008 4 beds 4 baths ∙ 1,756 Sqft ∙ Built 2008
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 2517 N Heritage Street Buckeye, AZ 4
    • 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2019
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 2890 N Claire Drive Buckeye, AZ 5
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2008
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Dirk Fink
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164455
Last Updated: 11/25/2020
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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