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22212 W Gardenia Drive Buckeye, AZ 85326

4 Beds 3 Baths 2,639 sqft Built 2004

$389,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $147.75
  • 5 Days on Market
  • MLS # : 6154293
  • Updated Date : 10/30/2020 at 20:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,639 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Come and see this gorgeous 4 bed, 2.5 bath property now for sale in Buckeye! Featuring desert landscaping with a 3 car garage, RV gate, and much more, you simply won't believe your eyes! The lavish interior boasts formal dining and living areas, a cozy den, and neutral paint throughout. The fabulous kitchen is equipped with everything you need for home cooking, ample cabinetry, a pantry, granite countertops, high-end appliances, and an island complete with a breakfast bar. The spacious master bedroom will leave you speechless, with its spacious walk-in closet and full bath with double sinks, not to mention separate tub and shower. Finally, the stunning backyard includes a covered patio and a refreshing pool perfect for the warm summer days! Schedule a showing today!

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
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,439
Property Tax -$281
Property Insurance -$79
HOA -$14
Property Management Fees -$99
CASH FLOW
-$371

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.

$389,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.39%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,478

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3503$1,4004$1,4005$1,540
$1,540
RENT COMPS ANALYSIS
  • 22212 W Gardenia Drive Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,639 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,639 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.58
    •  
  • 1339 S 222nd Drive Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.55
    •  
  • 21844 W Pima Street Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.55
    •  
  • 21835 W Cocopah Street Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.57
    •  
  • 21827 W Cocopah Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2006
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.57
    •  
PROPERTY LISTING DETAILS
Jessie Saavedra
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154293
Last Updated: 10/30/2020
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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