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24761 W Wood Street Buckeye, AZ 85326

4 Beds 3 Baths 2,228 sqft Built 2013

$315,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $141.38
  • 2 Days on Market
  • MLS # : 6201254
  • Updated Date : 03/13/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,228 sqft
  • Baths : 2 full , 1 half
Listing Agent

Caballero Realty

Listing Agent's Description

This home offers it all! Open floorplan with large kitchen overlooking the greatroom. Kitchen features large center island, tech area, glass tile backsplash, dining area, and large pantry. There is a bedroom and half bath upfront perfect for guests, open flex space. Separate hall with laundry room, bath, and two additional bedrooms. Master is split from all other rooms. Master offers a comfortable space, big walk in closet, and master bath with stall shower. Huge backyard with RV Gate! This home is walking distance to the preK-8 school and to the high school. Leased solar for energy efficiency.

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,094
Property Tax -$202
Property Insurance -$71
HOA -$17
Property Management Fees -$99
CASH FLOW
$7

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.

$315,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.47%

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-$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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$18,754

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
  • $1,554

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3754$1,4005$1,695
$1,695
RENT COMPS ANALYSIS
  • 24761 W Wood Street Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 24989 W Illini Street Buckeye, AZ 2
    • 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 2005
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.61
    •  
  • 24805 W Rosita Avenue Buckeye, AZ 3
    • 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
    •  
  • 5750 S 250th Drive Buckeye, AZ 4
    • 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2019
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.72
    •  
  • 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
Adreina Caballero
Caballero Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201254
Last Updated: 03/13/2021
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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