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22168 W Shadow Drive Buckeye, AZ 85326

5 Beds 3 Baths 3,237 sqft Built 2006

$370,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $114.30
  • 4 Days on Market
  • MLS # : 6194644
  • Updated Date : 02/18/2021 at 08:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,237 sqft
  • Baths : 3 full
Listing Agent

Ashby Realty Group, Llc

Listing Agent's Description

Like new 5 bed/3 bath home conveniently located close to the I-10 freeway! One bedroom and full bathroom downstairs! Open floor plan with large great room with surround sound. Brand new luxury vinyl plank flooring in the living room, kitchen, laundry and all bathrooms. Kitchen has extra storage space with large 42' cabinets that extend the entire length of the kitchen and a walk-in pantry! Kitchen features also include stainless steel appliances, corian counter tops, as well as an RO system. Walk upstairs and check out the wrought iron staircase spindles. 4 oversized bedrooms and 2 full baths upstairs. Large master bedroom also has a sitting room, perfect for a home office or television area. Separate his and her closets. Master bath has tub and shower plus double sinks.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Windmill Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k295k

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

Neighborhood: Windmill Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8251567

* 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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,285
Property Tax -$218
Property Insurance -$90
HOA -$19
Property Management Fees -$99
CASH FLOW
-$41

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.

$370,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$18,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.52

    LIST RENT PER SQFT
  • $1,845

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6703$1,7704$2,025
$2,025
RENT COMPS ANALYSIS
  • 22168 W Shadow Drive Buckeye, AZ 2
    • 5 beds 3 baths ∙ 3,237 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,237 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.52
    •  
  • 22064 W Moonlight Path Buckeye, AZ 1
    • 5 beds 3 baths ∙ 3,061 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,061 Sqft ∙ Built 2006
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.52
    •  
  • 1829 S 222nd Lane Buckeye, AZ 3
    • 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.56
    •  
  • 22631 W Ashleigh Marie Drive Buckeye, AZ 4
    • 5 beds 4 baths ∙ 3,201 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,201 Sqft ∙ Built 2005
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.63
    •  
PROPERTY LISTING DETAILS
Mike Haller
Ashby Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194644
Last Updated: 02/18/2021
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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