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22938 W Pima Street Buckeye, AZ 85326

5 Beds 4 Baths 2,361 sqft Built 2004

$375,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $158.83
  • 7 Days on Market
  • MLS # : 6209080
  • Updated Date : 03/28/2021 at 00:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,361 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Elite

Listing Agent's Description

Simply Stunning Value! This meticulously cared for single owner property has everything you've been waiting for! Retire to your split master as you make your guests feel at home in the casita with separate entrance, enjoy the luxurious pool and AZ sunsets under the full-length covered patio, and still have room for your home office and 3 other guest rooms. Minutes from the golf course, restaurants, shopping, and the freeway, you'll love the tile flooring, updated amenities, RV gate with extra concrete pad, and easy maintenance landscaping, It won't last long, so schedule your showing 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
 

$337,500$412,500$375,000

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 -$1,303
Property Tax -$285
Property Insurance -$73
HOA -$16
Property Management Fees -$99
CASH FLOW
-$216

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.

$375,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.42%

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-$6.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,752

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
  • $1,665

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5694$1,6005$1,895
$1,895
RENT COMPS ANALYSIS
  • 22938 W Pima Street Buckeye, AZ 1
    • 5 beds 4 baths ∙ 2,361 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,361 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23264 W Cocopah Street Buckeye, AZ 2
    • 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 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
    •  
  • 23230 W Ashleigh Marie Drive Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2005
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.65
    •  
  • 1497 S 227th Avenue Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2003
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
PROPERTY LISTING DETAILS
William (bill) J Rosene
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209080
Last Updated: 03/28/2021
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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