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22638 W Shadow Drive Buckeye, AZ 85326

2 Beds 2 Baths 1,386 sqft Built 2010

$260,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $187.59
  • 2 Days on Market
  • MLS # : 6170619
  • Updated Date : 12/11/2020 at 20:55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,386 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Fantastic corner lot property in Sundance Adult Village is now on the market! Come see this gorgeous Meritage Lantana 2 bedrooms plus den home with low maintenance front yard and a 2 car garage. Set foot inside to discover a spacious living room with tons of natural light, a nice size den ideal for an office or a hobby room, and tile flooring throughout main areas. Eat-in kitchen includes essential appliances, ample cabinets, Corian countertops, and a breakfast bar. The split master suite provides great privacy and has a master bath with a large double sink and a walk-in closet. Enjoy relaxing moments in your sizable backyard, sit back while enjoying your morning coffee under the covered patio. The easy to care landscaping allows you to only worry about what to drink on a cozy evening.

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$959
Property Tax -$296
Property Insurance -$54
HOA -$32
Property Management Fees -$99
CASH FLOW
-$20

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.

$260,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.55%

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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$14,677

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,331

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,4204$1,4505$1,650
$1,650
RENT COMPS ANALYSIS
  • 22638 W Shadow Drive Buckeye, AZ 3
    • 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 2010 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.02
    •  
  • 486 S 224th Drive Buckeye, AZ 1
    • 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 2
    • 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
Mark Baer
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170619
Last Updated: 12/11/2020
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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