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24725 W Vista Norte Street Buckeye, AZ 85326

3 Beds 2 Baths 1,961 sqft Built 2006

$320,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $163.18
  • 2 Days on Market
  • MLS # : 6170665
  • Updated Date : 12/12/2020 at 11:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,961 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Great location just off the I10 this community features several parks & playgrounds. This single level home w/3 car garage & views of the mountains greets you w/ 2 bed & full bath split from the master suite. Open w/vaulted ceilings features surround sound, den, large kitchen area w/dining & working island. The family room views of the large covered patio opening up to the gorgeous entertainers back yard. Backyard features Beautiful pool w/water feature, garden beds, artificial turf featuring: putting greens, Bocchi & horseshoe courts as well as a largeseparate water feature. The pool equipment is tucked away completing this amazing backyard. The solar panels w/SunRun offer savings towards those power bills. Home is ready to make it yours, call & see the home today, own tomorrow.

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
Steven R. Jasinski Elementary School Primary Regular 926 42 4
Steven R. Jasinski Elementary School Middle Regular 926 42 4
Youngker High School High Regular 1,580 67 3

Steven R. Jasinski Elementary School

  • Education Level: Primary
  • # of students: 926
  • # of teachers: 42
4
GreatSchools Rating

Steven R. Jasinski Elementary School

  • Education Level: Middle
  • # of students: 926
  • # of teachers: 42
4
GreatSchools Rating

Youngker High School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,181
Property Tax -$205
Property Insurance -$65
HOA -$17
Property Management Fees -$99
CASH FLOW
-$127

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.

$320,000

PROJECTED PRICE

$1,440

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,053

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
  • $1,466

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4004$1,4755$1,695
$1,695
RENT COMPS ANALYSIS
  • 24725 W Vista Norte Street Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 24805 W Rosita Avenue Buckeye, AZ 2
    • 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 2005
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.70
    •  
  • 24549 W Mobile Lane Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2016
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 24517 W Gregory Road Buckeye, AZ 4
    • 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
    •  
  • 4221 S 247th Drive Buckeye, AZ 5
    • 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2013
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
PROPERTY LISTING DETAILS
Deann Fry
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170665
Last Updated: 12/12/2020
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.

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