Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

20951 W Hamilton Street Buckeye, AZ 85396

3 Beds 3 Baths 1,878 sqft Built 2015

INVESTimate

$310,000

List Price

$1,720

$1,548 - $1,892

Rent Est.

$323,764  ( +4.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $165.07
  • 1 Days on Market
  • MLS # : 6121789
  • Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,878 sqft
  • Baths : 2 full , 1 half
Listing Agent

Melissa Cox Realty

Listing Agent's Description

Beautifully updated & remodeled home in Verrado. New flooring, appliances, fixtures, hardware & shiplap. This is a Must-See! The community features a pool, trails, golf course, & parks.

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,144
Property Tax -$288
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$126

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.

$310,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.44%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$32,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7203$1,7604$1,7755$1,825
$1,825
RENT COMPS ANALYSIS
  • 20951 W Hamilton Street Buckeye, 2
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.92
    •  
  • 2789 N Heritage Street Buckeye, 1
    • 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,991 Sqft ∙ Built 2008
    property image
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 20969 W Hamilton Street Buckeye, 3
    • 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,878 Sqft ∙ Built 2014
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.94
    •  
  • 21004 W Hamilton Street Buckeye, 4
    • 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2010
    property image
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.89
    •  
  • 2670 N Heritage Street Buckeye, 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
Melissa L Cox
Melissa Cox Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121789
Last Updated: 08/26/2020
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.

BESbswy