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22956 W La Pasada Boulevard Buckeye, AZ 85326

4 Beds 3 Baths 2,035 sqft Built 2005

$325,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $159.71
  • 4 Days on Market
  • MLS # : 6192774
  • Updated Date : 02/11/2021 at 22:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,035 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

PRICE & RENT TRENDS

Neighborhood: Sundance Cove

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sundance Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7881567

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,129
Property Tax -$220
Property Insurance -$67
HOA -$14
Property Management Fees -$99
CASH FLOW
-$168

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.

$325,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.0%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$7,165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,435

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,3603$1,5504$1,5695$1,670
$1,670
RENT COMPS ANALYSIS
  • 22956 W La Pasada Boulevard Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.67
    •  
  • 179 S 229th Drive Buckeye, AZ 1
    • 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2005
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.63
    •  
  • 22928 W Cocopah Street Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 2004
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 312 S 228th Lane Buckeye, AZ 4
    • 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
    •  
  • 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
Luis Espinoza
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192774
Last Updated: 02/11/2021
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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