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2525 N Springfield Street Buckeye, AZ 85396

5 Beds 4 Baths 3,222 sqft Built 2016

$609,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $189.29
  • 3 Days on Market
  • MLS # : 6209806
  • Updated Date : 03/26/2021 at 16:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,222 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

LOCATION! Between 2 parks 1/2 block away & 5 blocks to Swim Park! Upgraded Spanish curb appeal w/pavers & arched, wrap Porch. Oversized Heated & COOLED, Pebble-Radiance Pool W/stone Waterfall on large lot, lush w/EZ-care artificial turf. Oversized tile spans Formal Dining open to Greatroom & Kitchen + Eat-In Nook. Chef's delight inc rich cherry cabs w/4'' crown, granite counters, SS applncs inc fridge & gas range, lg island w/pendants. Downstairs inc huge 5th Bdrm/Media Rm & Office w/Built-In desk. 3 Car Gar into Mud-Rm w/cubbies. Upstairs inc Mstr Bdrm w/private Bath, his'n her's vanities, huge shower & giant soaking tub, PLUS 3 big spare Bdrms, Loft/Playrm & Laundry. Customized w/5'' basebd, 8 ft doors, bronze fxtrs, 2-tone paint, Mission stair-rail, grill gas stub. OWNED SOLAR SAVES $$!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $101k367k

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

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8631981

* 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
Verrado High School High Regular 1,855 74 4

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$548,910$670,890$609,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,118
Property Tax -$566
Property Insurance -$90
HOA -$113
Property Management Fees -$99
CASH FLOW
-$537

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.

$609,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,374

INVESTMENT

$167,374

Down Payment
$152,475
Rehab Estimate
$5,750
Closing Costs
$9,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,118

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,475
Loan Amount $457,425
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,570

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4503$2,4954$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 2525 N Springfield Street Buckeye, AZ 2
    • 5 beds 4 baths ∙ 3,222 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,222 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.76
    •  
  • 20432 W Legend Trail Buckeye, AZ 1
    • 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.72
    •  
  • 20923 W Thomas Road Buckeye, AZ 3
    • 5 beds 4 baths ∙ 2,882 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,882 Sqft ∙ Built 2013
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.87
    •  
  • 20436 W Terrace Lane Buckeye, AZ 4
    • 5 beds 4 baths ∙ 3,107 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,107 Sqft ∙ Built 2007
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
  • 20450 W Crescent Drive Buckeye, AZ 5
    • 4 beds 4 baths ∙ 3,371 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,371 Sqft ∙ Built 2005
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
Sharon Vincent
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209806
Last Updated: 03/26/2021
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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