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21541 W Durango Street Buckeye, AZ 85326

4 Beds 3 Baths 1,861 sqft Built 2014

$265,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $142.40
  • 3 Days on Market
  • MLS # : 6176063
  • Updated Date : 01/02/2021 at 02:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,861 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

You have to check out this beautiful 4 Bedroom, 2.5 Bath PLUS Den home in Buckeye! Out front you have lovely curb appeal with low maintenance yard and 2 car garage.Inside you have tons of entertainment space with neutral paint throughout. Closets galore! Huge Laundry room with tons of shelves! Large open kitchen with plenty of cabinets, granite countertops, island with breakfast bar. Large Master En Suite with walk-in closet. Beautiful Master Bath with double sinks, floating vanity, large shower and linen closet! Outside relax under the covered patio and enjoy entertaining in the spacious, grassy yard. The neighborhood has easy access to the freeway, without the noise! Shopping and all the Amenities of Watson Road are minutes away! This one won't last long so make sure to check it out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8011567

* 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
Freedom Elementary School Primary Regular 853 44 4
Freedom Elementary School Middle Regular 853 44 4
Estrella Foothills High School High Regular 1,037 43 5

Freedom Elementary School

  • Education Level: Primary
  • # of students: 853
  • # of teachers: 44
4
GreatSchools Rating

Freedom Elementary School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 44
4
GreatSchools Rating

Estrella Foothills High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 43
5
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$978
Property Tax -$157
Property Insurance -$63
HOA -$16
Property Management Fees -$99
CASH FLOW
$207

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.

$265,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$41,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,372

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2753$1,3004$1,3495$1,520
$1,520
RENT COMPS ANALYSIS
  • 21541 W Durango Street Buckeye, AZ 5
    • 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.82
    •  
  • 21694 W Cocopah Street Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2006
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.74
    •  
  • 21820 W Mohave Street Buckeye, AZ 2
    • 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.83
    •  
  • 22177 W Pima Street Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2005
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
  • 21752 W Mohave Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2006
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.62
    •  
PROPERTY LISTING DETAILS
Susan Flanagan
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176063
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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