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25568 W Primrose Lane Buckeye, AZ 85326

4 Beds 3 Baths 2,376 sqft Built 2007

INVESTimate

$304,900

List Price

$1,340

$1,206 - $1,474

Rent Est.

$333,500  ( +9.38%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $128.32
  • 7 Days on Market
  • MLS # : 6120265
  • Updated Date : 08/20/2020 at 19:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,376 sqft
  • Baths : 2 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

CFD IS PAID IN FULL!!! Welcome to this fantastic 4 bedroom 2.5 bath single story Buckeye home. Great curb appeal leads you into the spacious light filled open floor plan featuring soaring vaulted ceilings, tile flooring and formal living and dining areas. Nicely upgraded kitchen boasts granite countertops, stainless steel appliances and an island with breakfast bar. After a long day relax in the gorgeous large master with wood look floors, a charming fireplace, a huge walk in closet and a private ensuite with dual sinks. Step out on to your covered patio and enjoy your secluded backyard with large paver patio, built in BBQ with bar seating, fireplace and grassy play area, perfect for entertaining. Close to schools, parks, freeways and more. Do not miss out on this one!

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
Westpark Elementary School Primary Regular 741 38 5
Westpark Elementary School Middle Regular 741 38 5
Youngker High School High Regular 1,580 67 3

Westpark Elementary School

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 38
5
GreatSchools Rating

Westpark Elementary School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 38
5
GreatSchools Rating

Youngker High School

  • Education Level: High
  • # of students: 1,580
  • # of teachers: 67
3
GreatSchools Rating
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,125
Property Tax -$287
Property Insurance -$74
HOA -$55
Property Management Fees -$99
CASH FLOW
-$299

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.

$304,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.38%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $1,414

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3403$1,3504$1,4255$1,595
$1,595
RENT COMPS ANALYSIS
  • 25568 W Primrose Lane Buckeye, 2
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.56
    •  
  • 25768 W Victory Street Buckeye, 1
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2005
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.56
    •  
  • 24989 W Illini Street Buckeye, 3
    • 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
    •  
  • 25550 W Williams Street Buckeye, 4
    • 5 beds 3 baths ∙ 2,485 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,485 Sqft ∙ Built 2005
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.57
    •  
  • 25532 W Williams Street Buckeye, 5
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 2006
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.64
    •  
PROPERTY LISTING DETAILS
Lorinda Fernandez
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120265
Last Updated: 08/20/2020
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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