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24820 W Wedgewood Avenue Buckeye, AZ 85326

3 Beds 2 Baths 2,147 sqft Built 2013

$309,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $144.34
  • 4 Days on Market
  • MLS # : 6189975
  • Updated Date : 02/04/2021 at 22:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,147 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this single level home in Rancho Vista! Formal living and dining rooms off the entry and a family room open to the kitchen at the back of the home. The kitchen features a large island, walk in pantry, stainless steel appliances, and lots of cabinets and counter space. The primary ensuite bathroom has dual sinks, separate shower and tub and a walk in closet. The backyard has a covered patio and artificial grass area, great for pets. Vacant and ready for viewing, come see!

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
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,076
Property Tax -$199
Property Insurance -$69
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.

$309,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.46%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,676

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,519

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3753$1,4004$1,4205$1,695
$1,695
RENT COMPS ANALYSIS
  • 24820 W Wedgewood Avenue Buckeye, AZ 4
    • 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.66
    •  
  • 24989 W Illini Street Buckeye, AZ 1
    • 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,198 Sqft ∙ Built 2005
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.61
    •  
  • 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
    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
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 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
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189975
Last Updated: 02/04/2021
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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