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25524 W Forest Grove Avenue Buckeye, AZ 85326

3 Beds 2 Baths 1,913 sqft Built 2005

$290,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $151.59
  • 2 Days on Market
  • MLS # : 6192246
  • Updated Date : 02/14/2021 at 00:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,913 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Come see this 3 bedroom, 2 bath home at the Open House 2/13/21 and 2/14/21, 10AM-3PM. Recentupgrades include new tile floors and updated cabinets, 15 SEER HVAC installed 2020. Family roomis pre-wired for a sound system! Friendly neighborhood with multiple parks in the area, only 5miles to Sundance Park, and your choice of golf courses. Easy access to I-10 and shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westpark

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Westpark

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8311567

* 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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,007
Property Tax -$267
Property Insurance -$64
HOA -$18
Property Management Fees -$99
CASH FLOW
-$126

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.

$290,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$7,129

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,487

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,3304$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 25524 W Forest Grove Avenue Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.70
    •  
  • 25753 W Kendall Street Buckeye, AZ 1
    • 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 2005
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.81
    •  
  • 3017 S 257th Avenue Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2005
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.81
    •  
  • 25552 W Primrose Lane Buckeye, AZ 4
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 25781 W Dunlap Road Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
PROPERTY LISTING DETAILS
Paula Campbell
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192246
Last Updated: 02/14/2021
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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