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22022 W Mohave Street Buckeye, AZ 85326

5 Beds 3 Baths 2,109 sqft Built 2005

$284,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $135.09
  • 2 Days on Market
  • MLS # : 6213171
  • Updated Date : 03/27/2021 at 16:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,109 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home & Away Realty

Listing Agent's Description

Move-in ready home in Sundance. This recently remodeled 5 bedroom, 2.5 bath house is located in the Sundance golf course community. Brand new carpet and paint throughout. Upstairs loft and laundry: secondary bedrooms are spacious. Close to schools, shopping and the I-10. What a wonderful home - Call today to schedule a private showing. Please submit highest and best by 5pm, Monday, March, 29, 2021.

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
Youngker High School High Regular 1,580 67 3

Youngker High School

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

$256,410$313,390$284,900

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 -$990
Property Tax -$205
Property Insurance -$68
HOA -$16
Property Management Fees -$99
CASH FLOW
$142

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.

$284,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.53%

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

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$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$29,149

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
  • $0.72

    LIST RENT PER SQFT
  • $1,703

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,6503$1,6504$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 22022 W Mohave Street Buckeye, AZ 1
    • 5 beds 3 baths ∙ 2,109 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,109 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.72
    •  
  • 22025 W Gardenia Drive Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2004
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
  • 22077 W Pima Street Buckeye, AZ 3
    • 5 beds 3 baths ∙ 2,035 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,035 Sqft ∙ Built 2006
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 573 S 219th Lane Buckeye, AZ 4
    • 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2006
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 1497 S 227th Avenue Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2003
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
PROPERTY LISTING DETAILS
Robert Foreman
Home & Away Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213171
Last Updated: 03/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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