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21750 W Cocopah Street Buckeye, AZ 85326

3 Beds 2 Baths 1,535 sqft Built 2006

$237,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $154.40
  • 2 Days on Market
  • MLS # : 6155101
  • Updated Date : 11/02/2020 at 14:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,535 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

BEAUTIFUL APPOINTED HOME WITH 3 BEDROOMS, 2 BATHROOMS + DEN IN QUIET NEIGHBORHOOD. THIS HOME IS MOVE-IN READY AND WAITING FOR YOU TO ENJOY THE SPACIOUS IOEN FLOOR OPLAN. FAMILY FRIENDLY WITH TILE FLOOR THROUGHOUT AND NEW CARPET IN ALL THE BEDROOMS AND DEN. STAINLESS STEEL APPLIANCES, FANS THROUGHOUT, DUAL PAINE WINDOWS, R/O AND SOFT WATER SYSTEM. FRESHLY PAINTED INSIDE. GREAT LOCATION WITH EASY ACCESS TO SCHOOLS, SHOPPING AND FREEWAYS. PICTURES COMING SOON!

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
Youngker High School High Regular 1,580 67 3

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

Youngker High School

  • Education Level: High
  • # of students: 1,580
  • # of teachers: 67
3
GreatSchools Rating
 

$213,300$260,700$237,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$874
Property Tax -$171
Property Insurance -$57
HOA -$14
Property Management Fees -$99
CASH FLOW
-$55

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.

$237,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.49%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$68,555

INVESTMENT

$68,555

Down Payment
$59,250
Rehab Estimate
$5,750
Closing Costs
$3,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,250
Loan Amount $177,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,785

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
  • $1,213

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,2754$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 21750 W Cocopah Street Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21694 W Cocopah Street Buckeye, AZ 2
    • 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 3
    • 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 4
    • 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
    •  
  • 22026 W Pima Street Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
PROPERTY LISTING DETAILS
Carolina Norquist
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155101
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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