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22992 W Micah Way Buckeye, AZ 85326

3 Beds 2 Baths 1,793 sqft Built 2007

$269,500

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $150.31
  • 5 Days on Market
  • MLS # : 6177557
  • Updated Date : 01/07/2021 at 16:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,793 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Look no further! Located in the desirable Sundance Active Adult community, this 3BD/2BA property sits on a premium corner lot and boasts a beautiful facade with stone accents, PLUS a 2 car garage w/golf cart extension! Enjoy low power bills with a 'Pre-Paid' solar lease! Step inside and you will find a large dining and living area w/18' tile, a cozy den/bedroom with gorgeous French doors, and a fabulous eat-in kitchen comprised of ample cabinetry with crown molding, a pantry, granite countertops, a charming island, and breakfast bar. Don't forget about the grandiose master bedroom, featuring a spacious walk-in closet and a private bath with double sinks, it's ideal for couples! Also including a lovely backyard with a covered patio and seating area, this home is simply a dream come true!

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
Sundance Elementary School Primary Regular 813 37 3
Sundance Elementary School Middle Regular 813 37 3
Youngker High School High Regular 1,580 67 3

Sundance Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 37
3
GreatSchools Rating

Sundance Elementary School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 37
3
GreatSchools Rating

Youngker High School

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

$242,550$296,450$269,500

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 -$936
Property Tax -$220
Property Insurance -$62
HOA -$32
Property Management Fees -$99
CASH FLOW
$212

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.

$269,500

PROJECTED PRICE

$1,560

PROJECTED RENT

0.58%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$77,168

INVESTMENT

$77,168

Down Payment
$67,375
Rehab Estimate
$5,750
Closing Costs
$4,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$936

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,375
Loan Amount $202,125
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$34,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,587

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,5253$1,5604$1,5755$1,600
$1,600
RENT COMPS ANALYSIS
  • 22992 W Micah Way Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.87
    •  
  • 1454 S 228th Lane Buckeye, AZ 1
    • 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 2003
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.80
    •  
  • 22940 W Cocopah Street Buckeye, AZ 2
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 2005
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.93
    •  
  • 1023 S 226th Drive Buckeye, AZ 4
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.86
    •  
  • 23080 W Yavapai Street Buckeye, AZ 5
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2003
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
PROPERTY LISTING DETAILS
Mike Gwinn
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177557
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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