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23103 W Kimberly Drive Buckeye, AZ 85326

6 Beds 4 Baths 3,784 sqft Built 2005

$460,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $121.56
  • 3 Days on Market
  • MLS # : 6206272
  • Updated Date : 03/13/2021 at 15:20
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,784 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Welcome to this lovely home in the Sundance neighborhood in Buckeye. Located near I10 access, shopping, dining, Skyline Regional Park, Estrella Mountain Park, you can enjoy numerous activities in just minutes. This property features plus a den/office & loft, staggered kitchen cherry cabinets, large kitchen, slate tile floors, granite counters & island, a spacious upstairs loft, a water softener system, ceiling fans throughout, solar hot-water heater, and leased whole-home solar. Resort-style backyard w/ custom 19X38 ft pool w/ therapy jets & 3 waterfall features, travertine tile on the full width-covered patio and surrounding the pool, & large areas for you to enjoy our beautiful AZ skys with lots of outdoor entertainment options.

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
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,598
Property Tax -$375
Property Insurance -$101
HOA -$16
Property Management Fees -$99
CASH FLOW
-$108

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.

$460,000

PROJECTED PRICE

$2,080

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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$17,239

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
  • $2,245

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$2,3954$2,400
$2,400
RENT COMPS ANALYSIS
  • 23103 W Kimberly Drive Buckeye, AZ 1
    • 6 beds 4 baths ∙ 3,784 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,784 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23335 W Hopi Street Buckeye, AZ 2
    • 5 beds 4 baths ∙ 3,784 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,784 Sqft ∙ Built 2005
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.50
    •  
  • 22578 W Ashleigh Marie Drive Buckeye, AZ 3
    • 6 beds 3 baths ∙ 3,689 Sqft ∙ Built 2004 6 beds 3 baths ∙ 3,689 Sqft ∙ Built 2004
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.65
    •  
  • 1826 S 232nd Lane Buckeye, AZ 4
    • 6 beds 3 baths ∙ 3,784 Sqft ∙ Built 2006 6 beds 3 baths ∙ 3,784 Sqft ∙ Built 2006
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.63
    •  
PROPERTY LISTING DETAILS
Geoffrey Adams
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206272
Last Updated: 03/13/2021
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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