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

2443 N Riley Road Buckeye, AZ 85396

3 Beds 3 Baths 2,282 sqft Built 2012

$349,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $152.94
  • 3 Days on Market
  • MLS # : 6154913
  • Updated Date : 11/01/2020 at 16:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,282 sqft
  • Baths : 2 full , 1 half
Listing Agent

Main Street Property Management, Llc

Listing Agent's Description

Please pardon our Dust there is new carpet being installed and new interior paint This should be completed mid November. Great Verrado neighborhood with over 77 parks. Beautiful kitchen with granite and stainless appliances. Large living area. Great master suite. dont let this gem get by.

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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,288
Property Tax -$324
Property Insurance -$72
HOA -$119
Property Management Fees -$99
CASH FLOW
-$41

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.

$349,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$17,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,854

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,8004$1,8605$1,895
$1,895
RENT COMPS ANALYSIS
  • 2443 N Riley Road Buckeye, AZ 4
    • 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.82
    •  
  • 20887 W Maiden Lane Buckeye, AZ 1
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2016
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 20955 W Hamilton Street Buckeye, AZ 2
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2015
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
  • 2664 N Heritage Street Buckeye, AZ 3
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2014
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 20897 W Maiden Lane Buckeye, AZ 5
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2015
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kenneth M Pellerin
Main Street Property Management, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154913
Last Updated: 11/01/2020
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.

BESbswy