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22982 W Moonlight Path Buckeye, AZ 85326

2 Beds 2 Baths 1,390 sqft Built 2014

$279,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $200.72
  • 3 Days on Market
  • MLS # : 6206198
  • Updated Date : 03/12/2021 at 13:32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,390 sqft
  • Baths : 2 full
Listing Agent

Crossroads Brokerage

Listing Agent's Description

Located in Sundance Active Adult Community, this Lantana model (Meritage Homes) built in 2014, sits on a corner with no neighbors behind. Kitchen with granite counter tops, maple cabinets, and high bar. Spacious master suite with walk-in closet. Master bathroom includes double sinks with make-up vanity, large walk-in shower with bench, and separate toilet room. Second bedroom can accommodate both a desk and a sofa bed. Den/office off great room has two windows for ample light. Sprayed on insulation in attic. Garage upgrades include built-in wood cabinets and drawers, sealed floor, and oversized sink with hot & cold water. Beautiful enclosed screened in patio off great room features a large water fountain. Newly installed irrigation on Hydrawise system allows for operation from cell phone.

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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$969
Property Tax -$227
Property Insurance -$54
HOA -$95
Property Management Fees -$99
CASH FLOW
-$195

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.

$279,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.45%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,991

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,353

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,3504$1,650
$1,650
RENT COMPS ANALYSIS
  • 22982 W Moonlight Path Buckeye, AZ 1
    • 2 beds 2 baths ∙ 1,390 Sqft ∙ Built 2014 2 beds 2 baths ∙ 1,390 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.90
    •  
  • 486 S 224th Drive Buckeye, AZ 2
    • 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 3
    • 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
    •  
  • 22606 W Antelope Trail Buckeye, AZ 4
    • 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
Jon T Sherwood
Crossroads Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206198
Last Updated: 03/12/2021
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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