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21378 W Holly Street Buckeye, AZ 85396

4 Beds 3 Baths 2,909 sqft Built 2017

INVESTimate

$369,900

List Price

$1,770

$1,593 - $1,947

Rent Est.

$379,037  ( +2.47%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $127.16
  • 5 Days on Market
  • MLS # : 6121371
  • Updated Date : 08/22/2020 at 15:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,909 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Modern Farmhouse dream! Nestled in beautiful Sienna Hills is an Emerson 2-story home with a gorgeous open-concept kitchen and family room, perfect for entertaining and family breakfasts. Sliding doors open to the back patio where you can relax and enjoy the Arizona sunrise from your beautifully designed landscaped backyard. The kitchen boasts in Maple Chestnut cabinets with New Caledonia granite and Energy Star appliances. Enjoy Rustic Oak wood grain laminate in all the right places.

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
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,365
Property Tax -$285
Property Insurance -$84
HOA -$91
Property Management Fees -$99
CASH FLOW
-$153

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.

$369,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 2.47%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,551

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
  • $1,884

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,8754$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 21378 W Holly Street Buckeye, 1
    • 4 beds 3 baths ∙ 2,909 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,909 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2065 N 213th Drive Buckeye, 2
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2017
    LEASED 07/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.60
    •  
  • 2247 N Riley Road Buckeye, 3
    • 4 beds 4 baths ∙ 2,955 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,955 Sqft ∙ Built 2017
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.63
    •  
  • 3190 N Evergreen Street Buckeye, 4
    • 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2013
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
  • 2334 N Delaney Drive Buckeye, 5
    • 4 beds 4 baths ∙ 3,201 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,201 Sqft ∙ Built 2017
    LEASED 03/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.66
    •  
PROPERTY LISTING DETAILS
Lisa Wunder
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121371
Last Updated: 08/22/2020
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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