Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2235 N Riley Road Buckeye, AZ 85396

5 Beds 4 Baths 3,201 sqft Built 2017

$419,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $130.90
  • 2 Days on Market
  • MLS # : 6173380
  • Updated Date : 12/26/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,201 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Breathtaking 5 bedroom home in the desirable community of Verrado. Right when you walk inside you will see the modern farmhouse design that will make this open concept feel like home. Boasting a large first floor master bedroom and 4 bedrooms upstairs with a huge family room there is ample space for the whole family. A large 3 car garage just adds to the value of this home. Outside you will find a large low maintenance living space and a large front porch steps away from one of the many parks in Verrado.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $101k367k

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

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8631981

* 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
Verrado Heritage Elementary School Primary Regular NA
Verrado Heritage Elementary School Middle Regular NA
Verrado High School High Regular 1,855 74 4

Verrado Heritage Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado Heritage Elementary School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,546
Property Tax -$389
Property Insurance -$90
HOA -$113
Property Management Fees -$99
CASH FLOW
$53

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.

$419,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$20k

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$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$30,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,257

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$2,2003$2,2904$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 2235 N Riley Road Buckeye, AZ 3
    • 5 beds 4 baths ∙ 3,201 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,201 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.72
    •  
  • 2247 N Riley Road Buckeye, AZ 1
    • 4 beds 4 baths ∙ 2,955 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,955 Sqft ∙ Built 2017
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.63
    •  
  • 2527 N Delaney Drive Buckeye, AZ 2
    • 5 beds 4 baths ∙ 3,274 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,274 Sqft ∙ Built 2013
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.67
    •  
  • 20432 W Legend Trail Buckeye, AZ 4
    • 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.72
    •  
  • 20436 W Terrace Lane Buckeye, AZ 5
    • 5 beds 4 baths ∙ 3,107 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,107 Sqft ∙ Built 2007
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Shane Edic
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173380
Last Updated: 12/26/2020
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.

BESbswy