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2533 N Springfield Street Buckeye, AZ 85396

3 Beds 2 Baths 2,639 sqft Built 2016

$550,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $208.41
  • 4 Days on Market
  • MLS # : 6180933
  • Updated Date : 01/15/2021 at 23:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,639 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Now is your opportunity to own one of the most professionally designed and updated homes in Verrado! Every square inch of this home has been designed and updated to be ONE OF A KIND! This Meritage home was built with spray foam insulation to ensure a tight energy efficient home along with all the stunning updates! Features include custom kitchen with WOLF appliances, pot filler with custom back splash, oversized quartz island with seating for 5, extended cabinetry lining the wall, a farm sink in island, and designer light fixtures. All the lighting in the home is LED providing perfect lighting. The living room opens to custom french doors providing indoor/outdoor Az living at its finest! The backyard is lined with privacy ficus creating a secluded enjoyable entertaining space. Check it out

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 Heritage Elementary School Primary Regular NA
Verrado Heritage Elementary School Middle Regular NA
Verrado High School High Regular 1,855 74 4

Verrado Heritage Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado Heritage Elementary School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado High School

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

$495,000$605,000$550,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,910
Property Tax -$511
Property Insurance -$79
HOA -$113
Property Management Fees -$99
CASH FLOW
-$722

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.

$550,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.36%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$81

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,065

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7953$1,9904$2,0755$2,175
$2,175
RENT COMPS ANALYSIS
  • 2533 N Springfield Street Buckeye, AZ 3
    • 3 beds 2 baths ∙ 2,639 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,639 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.75
    •  
  • 20676 W Stone Hill Road Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2018
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.73
    •  
  • 20749 W Point Ridge Road Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2017
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.72
    •  
  • 2903 N Clanton Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2017
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.83
    •  
  • 20734 W Delaney Drive Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2013
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.85
    •  
PROPERTY LISTING DETAILS
Joshua Ryan Carpenter, Pllc
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180933
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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