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20791 W Hamilton Street Buckeye, AZ 85396

3 Beds 2 Baths 1,774 sqft Built 2009

$285,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $160.65
  • 3 Days on Market
  • MLS # : 6162957
  • Updated Date : 11/21/2020 at 09:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,774 sqft
  • Baths : 2 full
Listing Agent

Diamond Asset Management

Listing Agent's Description

Beautifully upgraded former model home, upgraded cabinets, granite countertops, stainless steel appliances, smooth top stove, double door refrigerator with water and ice. Entertainment niche, master bedroom exit, double patio in backyard with fountain.

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
 

$256,500$313,500$285,000

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 -$1,052
Property Tax -$266
Property Insurance -$62
HOA -$114
Property Management Fees -$99
CASH FLOW
$118

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.

$285,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$28,415

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
  • $0.96

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7103$1,7504$1,7605$1,825
$1,825
RENT COMPS ANALYSIS
  • 20791 W Hamilton Street Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.96
    •  
  • 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
    •  
  • 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
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 20969 W Hamilton Street Buckeye, AZ 4
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2014
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.94
    •  
  • 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
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.97
    •  
PROPERTY LISTING DETAILS
Bridget Salyer
Diamond Asset Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162957
Last Updated: 11/21/2020
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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