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22769 W Morning Glory Street Buckeye, AZ 85326

4 Beds 3 Baths 2,267 sqft Built 2005

$315,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $138.95
  • 4 Days on Market
  • MLS # : 6189683
  • Updated Date : 02/04/2021 at 17:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,267 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

When you walk in the door you will know it's the one! Must see in person to appreciate all the hard work the sellers have put into the upgrades like shiplap accent walls and custom light fixtures. 4 bedrooms and 3 full baths plus a roomy loft gives plenty of space for everyone! There is a sought after bedroom and full bath downstairs. The back yard is your own private oasis with no neighbors to the right or behind you! Garage includes shelving and a work bench! Another plus are solar panels for lower APS bills! Call for an appointment 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
Youngker High School High Regular 1,580 67 3

Youngker High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,094
Property Tax -$257
Property Insurance -$71
HOA -$15
Property Management Fees -$99
CASH FLOW
$24

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.

$315,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.50%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,458

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
  • $1,576

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,5694$1,6455$1,670
$1,670
RENT COMPS ANALYSIS
  • 22769 W Morning Glory Street Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 388 S 228th Lane Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.62
    •  
  • 312 S 228th Lane Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,569
    • $0.69
    •  
  • 22648 W Solano Drive Buckeye, AZ 4
    • 5 beds 3 baths ∙ 2,267 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,267 Sqft ∙ Built 2006
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.73
    •  
  • 22872 W Gardenia Drive Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.74
    •  
PROPERTY LISTING DETAILS
Shelly Zarikoff
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189683
Last Updated: 02/04/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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