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22531 W Cocopah Street Buckeye, AZ 85326

3 Beds 2 Baths 1,424 sqft Built 2004

$250,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $175.56
  • 2 Days on Market
  • MLS # : 6157748
  • Updated Date : 11/07/2020 at 17:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,424 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Single level home with 3 bedrooms and 2 bathrooms. The kitchen has stainless steel appliances with a pantry and a lot of cabinet space and is open to a oversized great room. Large master bedroom with a full private bath en suite. The inside laundry room leads out to a 2 car garage. Covered back patio. It has rock land scape in the front and back for easy maintenance. All carpeted areas are being replaced with new carpet unless the buyers would rather have cash back at closing to do their own flooring.

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
Inca Elementary School Primary Regular 740 37 3
Inca Elementary School Middle Regular 740 37 3
Youngker High School High Regular 1,580 67 3

Inca Elementary School

  • Education Level: Primary
  • # of students: 740
  • # of teachers: 37
3
GreatSchools Rating

Inca Elementary School

  • Education Level: Middle
  • # of students: 740
  • # of teachers: 37
3
GreatSchools Rating

Youngker High School

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

$225,000$275,000$250,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$922
Property Tax -$204
Property Insurance -$55
HOA -$15
Property Management Fees -$99
CASH FLOW
-$65

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.

$250,000

PROJECTED PRICE

$1,230

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$200k$400k$600k$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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,310

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2303$1,2504$1,2955$1,350
$1,350
RENT COMPS ANALYSIS
  • 22531 W Cocopah Street Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.86
    •  
  • 22747 W Pima Street Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 2003
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.94
    •  
  • 22752 W Mohave Street Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2002
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.88
    •  
  • 22651 W Pima Street Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2004
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 22662 W Cocopah Street Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,428 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,428 Sqft ∙ Built 2004
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
Tony Mclaughlin
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157748
Last Updated: 11/07/2020
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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