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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $111.62
- 3 Days on Market
- MLS # : 6196745
- Updated Date : 02/20/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,073 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
CHARMING! 4 bedroom, 2.5 bath, 2 garage, 3073 sf corner lot home nestled in the sought-after community of Riata West in Buckeye, AZ one of the fastest growing cities in the country w/stunning, artistic Arizona sunsets! Light, bright, open, spacious floor plan w/arched openings & soaring ceilings! Updated wood laminate flooring! Beautiful Barn Door opening to Den w/BI shelves & desk! Media room, great entertainment for the family! Open, spacious eat-in kitchen w/breakfast bar, Stainless-steel appliances, smooth-top range, B-I microwave, pantry & counter space galore! Wrought-iron staircase leading to mini-loft area! Master Suite w/walk-in closet, relaxing sitting room, sep shower, dbl sinks, tons of cabs & vanity counter space! Updated lighting, ceiling fans, & raised panel doors!
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PRICE & RENT TRENDS
Neighborhood: Riata West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Riata West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$1,191 |
| Property Tax | -$228 | |
| Property Insurance | -$87 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$235
|
||
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.
$343,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$96,645
LOAN DETAILS
$1,191
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,750 |
| Loan Amount | $257,250 |
1.92
YEARS SAVED
$4,204
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.47
LIST RENT PER SQFT
-
$1,537
COMP ESTIMATED VALUE -
$0.5
COMP AVG. RENT PER SQFT
Comps Range
-
23559 W Wayland Drive Buckeye, AZ 2
- 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,430
- $0.47
-
5942 S 248th Lane Buckeye, AZ 1
- 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2007
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,425
- $0.50
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196745
Last Updated: 02/20/2021
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.
