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20962 W Western Drive Buckeye, AZ 85396

4 Beds 3 Baths 3,039 sqft Built 2010

$545,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $179.34
  • 5 Days on Market
  • MLS # : 6171734
  • Updated Date : 12/19/2020 at 12:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,039 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

OPEN SUNDAY 12-4. Meritage Model Home upgraded throughout. This energy efficient home design includes 2x6 Construction, spray foam insulation, solar hot water and 49 Owned Solar Panels!! Everything is an upgrade - the cabinetry, kitchen countertops, flooring, lighting, surround sound, tile showers, closet organizers, window coverings, 8' doors, baseboards, smart home system, pavers, view lot... WOW!!! The BREATHTAKING views of the White Tank Mountains, spectacular sunsets, professionally installed landscaping features, pavers, cafe lights, cozy fireplace, view fencing, turf and more. The home flows seamlessly w.4 beds, an open workspace/den, 2.5 baths, 3 car garage w/epoxy floors. Award winning planned community of Verrado 78+ parks, 21 miles trails., 2 golf courses, 4 pools, fitness ctr

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
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$2,011
Property Tax -$506
Property Insurance -$86
HOA -$116
Property Management Fees -$99
CASH FLOW
-$558

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.

$545,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.41%

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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,678

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,279

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2504$2,2605$2,500
$2,500
RENT COMPS ANALYSIS
  • 20962 W Western Drive Buckeye, AZ 4
    • 4 beds 3 baths ∙ 3,039 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,039 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.74
    •  
  • 20465 W Thayer Street Buckeye, AZ 1
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 2849 N Heritage Street Buckeye, AZ 2
    • 4 beds 4 baths ∙ 2,975 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,975 Sqft ∙ Built 2008
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.74
    •  
  • 20865 W Edith Way Buckeye, AZ 3
    • 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
  • 20436 W Terrace Lane Buckeye, AZ 5
    • 5 beds 4 baths ∙ 3,107 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,107 Sqft ∙ Built 2007
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Katie Fear
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171734
Last Updated: 12/19/2020
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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