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23335 W Watkins Street Buckeye, AZ 85326

3 Beds 2 Baths 1,632 sqft Built 1997

INVESTimate

$349,900

List Price

$1,290

$1,161 - $1,419

Rent Est.

$385,940  ( +10.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $214.40
  • 5 Days on Market
  • MLS # : 6121268
  • Updated Date : 08/24/2020 at 08:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,632 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Located near everything Buckeye has to offer, this single-level home on over an acre lot with no HOA is ready for you to call home! With new interior and exterior paint, a new roof, new HVAC systems, a new water heater, new garage door, and new carpet in all of the bedrooms, this home is completely move-in ready for the next owner. Additional features include two living spaces for family and friends, an open kitchen layout with plenty of cabinet and counter space, and a two car garage with built-in cabinets and an epoxy floor. Out back you will find a large covered patio, fenced in yard space for children and/or pets, a large freestanding work shed, and plenty of additional space for anything you need. With all of the features this home has to offer, it won't be available long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Phoenix Skyline West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k306k

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

Neighborhood: Phoenix Skyline West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621751

* 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
Inca Elementary School Primary Regular 740 37 3
Inca Elementary School Middle Regular 740 37 3
Youngker High School High Regular 1,580 67 3

Inca Elementary School

  • Education Level: Primary
  • # of students: 740
  • # of teachers: 37
3
GreatSchools Rating

Inca Elementary School

  • Education Level: Middle
  • # of students: 740
  • # of teachers: 37
3
GreatSchools Rating

Youngker High School

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

$314,910$384,890$349,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

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-$8.0k-$6.0k-$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$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,291
Property Tax -$239
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$398

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.

$349,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.30%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,302

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,2953$1,3754$1,4455$1,495
$1,495
RENT COMPS ANALYSIS
  • 23335 W Watkins Street Buckeye, 1
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.79
    •  
  • 23819 W Yavapai Street Buckeye, 2
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2009
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.74
    •  
  • 23129 W Ashleigh Marie Drive Buckeye, 3
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2005
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.82
    •  
  • 1454 S 228th Lane Buckeye, 4
    • 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 2003
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.80
    •  
  • 1563 S 227th Avenue Buckeye, 5
    • 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 2002
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
PROPERTY LISTING DETAILS
Matthew Caren
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121268
Last Updated: 08/24/2020
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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