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24724 W Wedgewood Avenue Buckeye, AZ 85326

5 Beds 3 Baths 3,208 sqft Built 2013

$385,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $120.01
  • 2 Days on Market
  • MLS # : 6193935
  • Updated Date : 02/14/2021 at 00:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,208 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Welcome to your beautiful 5 BD 2.5 BA POOL home! You will love every upgrade including custom paint, oversized tile, granite countertops, SS appliances, fresh exterior paint, new hot water heater, new garage door opener, water softener & water filtration, and 3 CAR GARAGE Energy savings to be had with SOLAR, 2'' blinds, sunscreens, and ceiling fans. Step outside to enjoy your POOL, pergola, and firepit. Proximity to freeway and shopping. Call for your private showing today!***Professional photos coming soon***

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Rancho Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8181567

* 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
Youngker High School High Regular 1,580 67 3

Youngker High School

  • Education Level: High
  • # of students: 1,580
  • # of teachers: 67
3
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,337
Property Tax -$247
Property Insurance -$90
HOA -$17
Property Management Fees -$99
CASH FLOW
-$40

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.

$385,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.7%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$18,937

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $0.54

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4253$1,4494$1,995
$1,995
RENT COMPS ANALYSIS
  • 24724 W Wedgewood Avenue Buckeye, AZ 1
    • 5 beds 3 baths ∙ 3,208 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,208 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5942 S 248th Lane Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2007
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.50
    •  
  • 25685 W Pleasant Lane Buckeye, AZ 3
    • 5 beds 3 baths ∙ 3,306 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,306 Sqft ∙ Built 2006
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.44
    •  
  • 24142 W Desert Bloom Street Buckeye, AZ 4
    • 5 beds 3 baths ∙ 2,883 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,883 Sqft ∙ Built 2005
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.69
    •  
PROPERTY LISTING DETAILS
Elizabeth Elaine Zamora
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193935
Last Updated: 02/14/2021
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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