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21125 W Elm Way Buckeye, AZ 85396

4 Beds 3 Baths 2,088 sqft Built 2006

$399,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $191.52
  • 4 Days on Market
  • MLS # : 6212031
  • Updated Date : 03/26/2021 at 17:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,088 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful Move-in ready home with mountain views from the deck! Corner lot property gives you easy care landscaping and a balcony to enjoy and relax with your favorite drink. Freshly painted interior with formal dining room, low maintenance wood-look flooring, archways, luxurious light fixtures, French doors, and much more. This open kitchen would make any home chef jealous with its gleaming counter-tops, maple cabinets, and center island w/breakfast bar for extra seating! Large master bedroom is just a delight to rest & relax with a spotless en-suite. Covered patio has tons of potential for customizing it any way you can imagine. Location, location!! Walking distance to Main Street District, near golf courses, excellent schools, and shopping. Community has heated pool! Resort Living at it

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 Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,389
Property Tax -$379
Property Insurance -$68
HOA -$113
Property Management Fees -$99
CASH FLOW
-$58

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.

$399,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$15,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,198

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$1,9904$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 21125 W Elm Way Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.95
    •  
  • 4425 N Village Street Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2008
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
  • 21157 W Prospector Way Buckeye, AZ 2
    • 3 beds 3 baths ∙ 2,098 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,098 Sqft ∙ Built 2005
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 21030 W Sunrise Lane Buckeye, AZ 4
    • 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,984 Sqft ∙ Built 2020
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.11
    •  
  • 21063 W Sunrise Lane Buckeye, AZ 5
    • 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 2020
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.16
    •  
PROPERTY LISTING DETAILS
Raul Navarro
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212031
Last Updated: 03/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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