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20763 W Rosewood Lane Buckeye, AZ 85396

2 Beds 3 Baths 1,991 sqft Built 2020

INVESTimate

$430,490

List Price

$1,870

$1,683 - $2,057

Rent Est.

$496,742  ( +15.39%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $216.22
  • 6 Days on Market
  • MLS # : 6120883
  • Updated Date : 08/21/2020 at 15:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,991 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lennar Sales Corp

Listing Agent's Description

Don't miss this crest with 16 foot of sliding glass doors to bring the indoor living outdoor bordering on a walking trail. This home has all the upgrades from flooring,k kitchen, and bath. Great home great location! OPEN BY APPOINTMENT ONLYA PUBLIC REPORT IS AVAILABLE ON THE STATE REAL ESTATE DEPARTMENT'S WEBSITE.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Buckeye

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k324k

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

Neighborhood: Central Buckeye

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621699

* 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
 

$387,441$473,539$430,490

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,588
Property Tax -$400
Property Insurance -$66
HOA -$226
Property Management Fees -$99
CASH FLOW
-$509

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$430,490

PROJECTED PRICE

$1,870

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 15.39%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,080

INVESTMENT

$116,080

Down Payment
$107,623
Rehab Estimate
$2,000
Closing Costs
$6,457

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,588

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,623
Loan Amount $322,868
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,991

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,870
1$1,8702$1,8953$1,8954$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 20763 W Rosewood Lane Buckeye, 1
    • 2 beds 3 baths ∙ 1,991 Sqft ∙ Built 2020 2 beds 3 baths ∙ 1,991 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.94
    •  
  • 4980 N 206th Lane Buckeye, 2
    • 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 2019 2 beds 3 baths ∙ 1,825 Sqft ∙ Built 2019
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
  • 5011 N 206th Drive Buckeye, 3
    • 2 beds 3 baths ∙ 1,991 Sqft ∙ Built 2019 2 beds 3 baths ∙ 1,991 Sqft ∙ Built 2019
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
  • 21164 W Sunrise Lane Buckeye, 4
    • 2 beds 3 baths ∙ 1,891 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,891 Sqft ∙ Built 2006
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
  • 20814 W Hillcrest Boulevard Buckeye, 5
    • 2 beds 2 baths ∙ 1,988 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,988 Sqft ∙ Built 2016
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
PROPERTY LISTING DETAILS
Joanne L Hall
Lennar Sales Corp
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120883
Last Updated: 08/21/2020
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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