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2359 N Riley Road Buckeye, AZ 85396

4 Beds 4 Baths 2,933 sqft Built 2017

$419,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $142.86
  • 2 Days on Market
  • MLS # : 6170713
  • Updated Date : 12/12/2020 at 17:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,933 sqft
  • Baths : 3 full , 1 half
Listing Agent

Platinum Integrity Real Estate

Listing Agent's Description

This popular 3 car garage, 4 bed 3.5 bath home has a large bedroom with full private bath downstairs and can easily be a 2nd master bedroom, downstairs also has a powder room downstairs, upgraded wood plank tile flooring, large open great room with custom two toned cabinets, quartz counters, designer backsplash, cabinet hardware, modern pendant lighting, upgraded stainless appliances, gas stove, oversized slider leads to extended patio and fully landscaped yard, upstairs has an oversized loft/game room, blinds, ceiling fans, and so much more to see in person!! Home is like new and move in ready!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $101k367k

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

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8631981

* 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
Verrado Heritage Elementary School Primary Regular NA
Verrado Heritage Elementary School Middle Regular NA
Verrado High School High Regular 1,855 74 4

Verrado Heritage Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado Heritage Elementary School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,546
Property Tax -$389
Property Insurance -$84
HOA -$116
Property Management Fees -$99
CASH FLOW
-$114

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.

$419,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,926

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,134

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1203$2,2004$2,2005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2359 N Riley Road Buckeye, AZ 2
    • 4 beds 4 baths ∙ 2,933 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,933 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.72
    •  
  • 3190 N Evergreen Street Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2013
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
  • 2527 N Delaney Drive Buckeye, AZ 3
    • 5 beds 4 baths ∙ 3,274 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,274 Sqft ∙ Built 2013
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.67
    •  
  • 2849 N Heritage Street Buckeye, AZ 4
    • 4 beds 4 baths ∙ 2,975 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,975 Sqft ∙ Built 2008
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.74
    •  
  • 20436 W Terrace Lane Buckeye, AZ 5
    • 5 beds 4 baths ∙ 3,107 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,107 Sqft ∙ Built 2007
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jennifur L Newell
Platinum Integrity Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170713
Last Updated: 12/12/2020
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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