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21338 W Berkeley Road Buckeye, AZ 85396

4 Beds 3 Baths 2,525 sqft Built 2018

$419,990

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $166.33
  • 2 Days on Market
  • MLS # : 6155084
  • Updated Date : 11/02/2020 at 11:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,525 sqft
  • Baths : 2 full , 1 half
Listing Agent

Crossroads Brokerage

Listing Agent's Description

4br 2.5 ba 3 car tandem garage,2500sq ft many upgrades 11000 sq lot ,rv gate.Close to I10 and Verrado

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
Tartesso Elementary School Primary Regular 377 6
Tartesso Elementary School Middle Regular 377 6
Tonopah Valley High School High Regular 378 19 2

Tartesso Elementary School

  • Education Level: Primary
  • # of students: 377
  • # of teachers:
6
GreatSchools Rating

Tartesso Elementary School

  • Education Level: Middle
  • # of students: 377
  • # of teachers:
6
GreatSchools Rating

Tonopah Valley High School

  • Education Level: High
  • # of students: 378
  • # of teachers: 19
2
GreatSchools Rating
 

$377,991$461,989$419,990

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,550
Property Tax -$323
Property Insurance -$76
HOA -$91
Property Management Fees -$99
CASH FLOW
-$229

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.

$419,990

PROJECTED PRICE

$1,910

PROJECTED RENT

0.45%

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$1.0M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,047

INVESTMENT

$117,047

Down Payment
$104,998
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,998
Loan Amount $314,993
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$10,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,033

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,9004$1,9505$2,175
$2,175
RENT COMPS ANALYSIS
  • 21338 W Berkeley Road Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.72
    •  
  • 21098 W Wycliff Drive Buckeye, AZ 3
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2011
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 2368 N Valley View Drive Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2013
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 20734 W Delaney Drive Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2013
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jon T Sherwood
Crossroads Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155084
Last Updated: 11/02/2020
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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