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23279 W Lasso Lane Buckeye, AZ 85326

3 Beds 2 Baths 1,389 sqft Built 2004

$299,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $215.91
  • 1 Days on Market
  • MLS # : 6213325
  • Updated Date : 03/27/2021 at 23:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,389 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

GORGEOUS HOME IN SUNDANCE ADULT VILLAGE!!! Amazing views of the golf course and mountains. Enjoy Arizona weather from the custom built extended patio. This home features 3 bedrooms, 2 bathrooms, a large living room open to the kitchen and dining area. Extra large pantry for storage needs. The master suite offers a walk-in closet, sliding door to back patio, and vaulted ceiling. Kitchen includes granite countertops, tiled backsplash, black appliances and center island. Other features include upgraded water softener system, ceiling fans throughout, neutral paint colors. Some Furniture is included in the sale - Ask for details. Close to all major shopping, dining and entertainment. Make sure to visit the Sundance recreation center and Golf Club! This is A MUST SEE!!!

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,042
Property Tax -$244
Property Insurance -$54
HOA -$32
Property Management Fees -$99
CASH FLOW
-$91

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.

$299,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.46%

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-$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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,946

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,285

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2953$1,3254$1,3755$1,380
$1,380
RENT COMPS ANALYSIS
  • 23279 W Lasso Lane Buckeye, AZ 5
    • 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.99
    •  
  • 22747 W Pima Street Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 2003
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.94
    •  
  • 23261 W Lasso Lane Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 2005
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.90
    •  
  • 23168 W Arrow Drive Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,389 Sqft ∙ Built 2005
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.95
    •  
  • 22805 W Solano Drive Buckeye, AZ 4
    • 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
PROPERTY LISTING DETAILS
Linda Leahy
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213325
Last Updated: 03/27/2021
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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