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25576 W Primrose Lane Buckeye, AZ 85326

4 Beds 2 Baths 2,031 sqft Built 2007

$310,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $152.63
  • 2 Days on Market
  • MLS # : 6198817
  • Updated Date : 02/27/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,031 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome home to this charming single story located right next to a green space. Enjoy your own salt water pool during the Arizona summer!Recently painted exterior(8/2020) and interior(5/2018), this home is ready to move in featuring 4 bedrooms, a jack and Jill bathroom, splitfloor plan with the primary bedroom at the rear of the home. Featuring tile throughout the main living spaces with new carpet(11/2019) inthe bedrooms. Imagine dining at the breakfast bar in the kitchen which opens into the living room and dining area. Relax in your pavedbackyard while enjoying your salt-water pool. The 3 car garage is perfect for all your toys! This is a must see in the lovely community ofWestpark.

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,077
Property Tax -$291
Property Insurance -$67
HOA -$18
Property Management Fees -$99
CASH FLOW
-$42

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.

$310,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.49%

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-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,541

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,498

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4003$1,4504$1,5105$1,695
$1,695
RENT COMPS ANALYSIS
  • 25576 W Primrose Lane Buckeye, AZ 4
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.74
    •  
  • 24805 W Rosita Avenue Buckeye, AZ 1
    • 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
    •  
  • 25552 W Primrose Lane Buckeye, AZ 2
    • 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 3
    • 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
    •  
  • 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
Cheryl Wood
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198817
Last Updated: 02/27/2021
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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