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21375 N 260th Drive Buckeye, AZ 85396

3 Beds 3 Baths 2,452 sqft Built 2018

$349,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $142.33
  • 5 Days on Market
  • MLS # : 6152820
  • Updated Date : 11/04/2020 at 10:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,452 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous Home in Festival Foothills! Large Open Split Floor Plan w/42'' espresso cabinets, Granite Counters, Island, Stainless Appliances, Gas Cooktop, Under Cabinet Lighting, Pantry, Dining w/Oversized Arcadia Door, 10'' Ceilings, Recessed Lights, Lg Windows Offering Abundant Natural Light, 2'' Wood Blinds, 24'' Neutral Tile, Upgraded Designer Carpet in Bedrooms, upgraded padding, Dual Vanity in Owners Suite, Walk-In Shower, 2 Additional Bedrooms w/ Dual Vanity, Large Open Den, Half Bath, Roomy Laundry, and 3-Car Tandem Garage! Corner Lot with no homes directly behind. Backyard faces East so it gets Morning Sun, then Shade the Rest of the Day. Beautiful Landscaping w/Synthetic Grass, Desert Willows, and Flowering Shrubs. Large Private Patio to enjoy AZ Sunrises. Texaco does not convey

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85396

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $101k324k

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

Zip Code: 85396

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
Festival Foothills Elementary School Primary Regular 208 12 NA
Festival Foothills Elementary School Middle Regular 208 12 NA
Wickenburg High School High Regular 657 30 4

Festival Foothills Elementary School

  • Education Level: Primary
  • # of students: 208
  • # of teachers: 12
NA
GreatSchools Rating

Festival Foothills Elementary School

  • Education Level: Middle
  • # of students: 208
  • # of teachers: 12
NA
GreatSchools Rating

Wickenburg High School

  • Education Level: High
  • # of students: 657
  • # of teachers: 30
4
GreatSchools Rating
 

$314,100$383,900$349,000

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 -$1,288
Property Tax -$357
Property Insurance -$75
HOA -$33
Property Management Fees -$99
CASH FLOW
$9

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.

$349,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.53%

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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$24,287

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
  • $0.76

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7503$1,8604$1,995
$1,995
RENT COMPS ANALYSIS
  • 21375 N 260th Drive Buckeye, AZ 3
    • 3 beds 3 baths ∙ 2,452 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,452 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.76
    •  
  • 25934 W Marco Polo Road Buckeye, AZ 1
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2017
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.71
    •  
  • 26196 W Burnett Road Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,158 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,158 Sqft ∙ Built 2007
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 26107 W Wahalla Lane Buckeye, AZ 4
    • 3 beds 3 baths ∙ 2,502 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,502 Sqft ∙ Built 2017
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
PROPERTY LISTING DETAILS
Holly Jones
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152820
Last Updated: 11/04/2020
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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