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24467 W Atlanta Avenue Buckeye, AZ 85326

3 Beds 2 Baths 1,835 sqft Built 2017

$280,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $152.59
  • 5 Days on Market
  • MLS # : 6192296
  • Updated Date : 02/26/2021 at 21:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,835 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Come see this gorgeous Prescott model with 3 bedrooms plus a den, 2 baths and 1,835 sq ft! Kitchen opens to the bright and spacious great room and boasts energy efficient appliances, gorgeous granite countertops, custom wood cabinets, brushed nickel hardware and a pantry. This single level home has been upgraded and decorated so perfectly you can move in an enjoy on the first day! Crystal Vista offers many amenities including a community park with basketball courts and a children's playground. This neighborhood also features BBQ areas, picnic ramadas and walking trails, providing an extraordinary lifestyle for you and your family.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crystal Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Crystal Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7791567

* 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
Buckeye Union High School High Regular 1,373 62 4

Buckeye Union High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$973
Property Tax -$200
Property Insurance -$63
HOA -$80
Property Management Fees -$99
CASH FLOW
-$4

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.

$280,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.6%
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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$14,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,486

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4103$1,4504$1,4505$1,475
$1,475
RENT COMPS ANALYSIS
  • 24467 W Atlanta Avenue Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.77
    •  
  • 24805 W Dove Trail Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2005
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 24707 W Dove Lane Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2004
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 24755 W Hidalgo Drive Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2019
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 24517 W Gregory Road Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2009
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.77
    •  
PROPERTY LISTING DETAILS
Carol A. Royse
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192296
Last Updated: 02/26/2021
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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