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23715 W Bowker Street Buckeye, AZ 85326

4 Beds 2 Baths 1,569 sqft Built 2008

$259,990

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $165.70
  • 2 Days on Market
  • MLS # : 6184504
  • Updated Date : 01/23/2021 at 00:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,569 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautiful single level home in the desirable Riata West subdivision in Buckeye. Move-In Ready 4 bedroom 2 bath home! New flooring, freshly painted, kitchen updates. Open Great Room floor plan design with vaulted ceilings, 4th bedroom currently set up as office/den. Home backs to greenbelt/common area for added privacy and no backdoor neighbors! All appliances stay in this turnkey home with low maintenance desert landscaping front and back. Easy accessibility to the 10 on this quiet street. This property won't last long. Hurry and make your appointment to see it today before it is gone.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Riata West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* 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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Marionneaux Elementary School Primary Regular NA
Buckeye Union High School High Regular 1,373 62 4

Marionneaux Elementary School

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

Buckeye Union High School

  • Education Level: High
  • # of students: 1,373
  • # of teachers: 62
4
GreatSchools Rating
 

$233,991$285,989$259,990

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$903
Property Tax -$173
Property Insurance -$58
HOA -$58
Property Management Fees -$99
CASH FLOW
$19

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.

$259,990

PROJECTED PRICE

$1,310

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,647

INVESTMENT

$74,647

Down Payment
$64,998
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,998
Loan Amount $194,993
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,024

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,377

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3253$1,3254$1,3505$1,450
$1,450
RENT COMPS ANALYSIS
  • 23715 W Bowker Street Buckeye, AZ 1
    • 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.83
    •  
  • 23609 W Chipman Road Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2012
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.82
    •  
  • 5000 S Rovey Parkway Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2012
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.86
    •  
  • 5054 S 235 Drive Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2012
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 23769 W Mobile Lane Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,523 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,523 Sqft ∙ Built 2018
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
PROPERTY LISTING DETAILS
Greg A Jones
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184504
Last Updated: 01/23/2021
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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