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

22824 W Yavapai Street Buckeye, AZ 85326

5 Beds 3 Baths 2,375 sqft Built 2005

$290,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $122.11
  • 11 Days on Market
  • MLS # : 6151729
  • Updated Date : 10/28/2020 at 12:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,375 sqft
  • Baths : 3 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Come see this rare 5 bedroom, 3 full bath home that has been tastefully remodeled. Kitchen has been completely updated with new counter surfaces, cabinet refacing and stainless steel appliances. Wood look tile adorns every floor surface on the lower level, master bath and third bath upstairs. New paint and all new six panel doors add to the tasteful decor. All 4 upstairs bedrooms have fresh new carpet and each bedroom has its own walk in closet. Priced to sell quickly. Bring your best offers for this beautiful remodeled home. You won't be disappointed!Priced to sell quickly, bring you best offers, for this beautiful remodeled home. You won't be disappointed!

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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,070
Property Tax -$236
Property Insurance -$73
HOA -$15
Property Management Fees -$99
CASH FLOW
-$94

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.

$290,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.48%

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-$4.0k-$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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,788

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,520

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4004$1,5505$1,569
$1,569
RENT COMPS ANALYSIS
  • 22824 W Yavapai Street Buckeye, AZ 3
    • 5 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,375 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.59
    •  
  • 1100 S 223rd Lane Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.62
    •  
  • 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
    •  
  • 23264 W Cocopah Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2005
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.63
    •  
  • 312 S 228th Lane Buckeye, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Joshua Ryan Carpenter, Pllc
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151729
Last Updated: 10/28/2020
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