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20992 W Coronado Road Buckeye, AZ 85396

4 Beds 3 Baths 2,683 sqft Built 2018

$385,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $143.50
  • 3 Days on Market
  • MLS # : 6157264
  • Updated Date : 11/06/2020 at 13:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,683 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

This Verrado home is what you have been waiting for...model perfect and ready for a new owner! Just over 2 years new, featuring a $30,000 backyard landscaping package including pavers, turf, built-in BBQ, professional grade misting system and custom water fountain. With over 2600 square feet and 4 bedrooms, the home also features a separate office/den, loft and computer nook. Verrado is a premier master planned community beyond compare...Heritage Swim Park, Verrado Golf Club, neighborhood schools, hiking/biking trails, Main Street, shopping/dining and much, much more. Make Verrado your home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sienna Hills

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $101k324k

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

Neighborhood: Sienna Hills

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8631734

* 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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,420
Property Tax -$358
Property Insurance -$79
HOA -$116
Property Management Fees -$99
CASH FLOW
-$213

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$385,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,971

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,113

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7953$1,8604$2,1755$2,300
$2,300
RENT COMPS ANALYSIS
  • 20992 W Coronado Road Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.69
    •  
  • 20715 W Stone Hill Road Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2018
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.72
    •  
  • 20749 W Point Ridge Road Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2017
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.72
    •  
  • 20734 W Delaney Drive Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2013
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.85
    •  
  • 20938 W Berkeley Road Buckeye, AZ 5
    • 5 beds 3 baths ∙ 2,685 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,685 Sqft ∙ Built 2020
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
Stephanie Altdoerffer
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157264
Last Updated: 11/06/2020
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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