Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

23852 W Wier Avenue Buckeye, AZ 85326

4 Beds 2 Baths 1,567 sqft Built 2016

$290,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $185.07
  • 4 Days on Market
  • MLS # : 6192853
  • Updated Date : 02/11/2021 at 17:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,567 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single level home in Sonoran Vista! This home has been refreshed with new interior paint. The kitchen features granite countertops, a large island with a breakfast bar, dark cabinets, and lots of space for prep and storage. The primary ensuite bathroom has dual sinks and a large walk in closet. Other bedrooms are spacious. Fenced backyard with a covered patio. Save money each month with attached solar panels. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sonoran Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8271567

* 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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$1,007
Property Tax -$277
Property Insurance -$58
HOA -$76
Property Management Fees -$99
CASH FLOW
-$257

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.

$290,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 4.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,429

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,359

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3253$1,3254$1,3255$1,450
$1,450
RENT COMPS ANALYSIS
  • 23852 W Wier Avenue Buckeye, AZ 1
    • 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.80
    •  
  • 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
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.82
    •  
  • 24029 W Chambers Street Buckeye, AZ 3
    • 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2008
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.84
    •  
  • 5000 S Rovey Parkway Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2012
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.86
    •  
  • 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
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192853
Last Updated: 02/11/2021
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.

BESbswy