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25708 W Primrose Lane Buckeye, AZ 85326

4 Beds 3 Baths 2,189 sqft Built 2007

$365,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $166.74
  • 2 Days on Market
  • MLS # : 6258101
  • Updated Date : 07/13/2021 at 16:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,189 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome to your new single story 4 bedroom 3 bathroom home located in a cul-de-sac in the Westpark community in Buckeye! Pulling up to the home you are greeted by professionally managed desert landscaping, mature trees, large RV gate, an extended driveway, and excellent curb appeal that invites you in. Stepping into the home you are welcomed by tiled and carpeted floors throughout, grey-toned paint throughout, high vaulted ceilings, tons of natural lighting, and a large great room allowing you plenty of room to host all your friends and family get togethers. Your eat-in kitchen showcases ample cabinet space, granite countertops, reverse osmosis, large walk-in pantry, wall ovens, stainless steel appliances, and an island with a breakfast bar allowing plenty of space for preparing home

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,268
Property Tax -$343
Property Insurance -$70
HOA -$18
Property Management Fees -$99
CASH FLOW
-$258

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.

$365,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.42%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,910

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,510

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,5004$1,5405$1,595
$1,595
RENT COMPS ANALYSIS
  • 25708 W Primrose Lane Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,189 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.70
    •  
  • 25552 W Primrose Lane Buckeye, AZ 1
    • 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 2
    • 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
    •  
  • 25534 W Rio Vista Lane Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 2005
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.63
    •  
  • 25532 W Williams Street Buckeye, AZ 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
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6258101
Last Updated: 07/13/2021
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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