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22594 W Morning Glory Street Buckeye, AZ 85326

2 Beds 2 Baths 1,578 sqft Built 2016

$285,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $180.61
  • 5 Days on Market
  • MLS # : 6166160
  • Updated Date : 12/23/2020 at 13:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,578 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Welcome to your beautiful 2/2 +Den home in the highly sought Sundance golf community! From the moment you step in, you will love the numerous upgrades such as oversized tile, custom paint, granite countertops, extended cabinetry, stainless steel appliances, pendant lighting, 2'' blinds, bronze polished hardware, dual flush commodes, built in office work area, ceiling fans, and extended patio. Garage boasts epoxied floors and cabinetry. Proximity to freeway and shopping are an added bounus. Furnishings available on separate bill of sale.

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
Sundance Elementary School Primary Regular 813 37 3
Sundance Elementary School Middle Regular 813 37 3
Youngker High School High Regular 1,580 67 3

Sundance Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 37
3
GreatSchools Rating

Sundance Elementary School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 37
3
GreatSchools Rating

Youngker High School

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

$256,500$313,500$285,000

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 -$1,052
Property Tax -$286
Property Insurance -$58
HOA -$32
Property Management Fees -$99
CASH FLOW
-$6

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.

$285,000

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$18,106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,515

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3504$1,4505$1,650
$1,650
RENT COMPS ANALYSIS
  • 22594 W Morning Glory Street Buckeye, AZ 1
    • 2 beds 2 baths ∙ 1,578 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,578 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 486 S 224th Drive Buckeye, AZ 2
    • 2 beds 2 baths ∙ 1,389 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,389 Sqft ∙ Built 2018
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.94
    •  
  • 22573 W La Pasada Boulevard Buckeye, AZ 3
    • 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 2016
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
  • 22553 W Morning Glory Street Buckeye, AZ 4
    • 2 beds 2 baths ∙ 1,578 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,578 Sqft ∙ Built 2016
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 22606 W Antelope Trail Buckeye, AZ 5
    • 2 beds 2 baths ∙ 1,628 Sqft ∙ Built 2014 2 beds 2 baths ∙ 1,628 Sqft ∙ Built 2014
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
PROPERTY LISTING DETAILS
Elizabeth Elaine Zamora
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166160
Last Updated: 12/23/2020
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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