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25734 W Ripple Road Buckeye, AZ 85326

4 Beds 3 Baths 2,598 sqft Built 2006

$319,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $123.13
  • 5 Days on Market
  • MLS # : 6180458
  • Updated Date : 01/15/2021 at 21:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,598 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

This beautiful, move-in ready home has 4 bedrooms & 3 full baths in 2598 SqFt with a front living room, great room with surround sound & built-in niches, and upstairs loft. Recent updates include new exterior paint & new carpet! The kitchen features maple cabinetry, black/stainless appliances, dual-height island with breakfast bar, walk-in pantry, & dining area with bay window. Sliding doors lead out to a full-length covered patio with ceiling fan, and large backyard with a pebble tec pool, desert landscaping and storage shed. One bedroom & bath are on the main level, perfect for guests! The upstairs master has a private balcony & en-suite bath with dual sinks, jetted tub, separate shower & walk-in closet. Other features include 2+1 car garages (both with service doors and epoxy floors),**

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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,111
Property Tax -$301
Property Insurance -$78
HOA -$18
Property Management Fees -$99
CASH FLOW
$133

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.

$319,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.54%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$29,186

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,487

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,5004$1,5955$1,740
$1,740
RENT COMPS ANALYSIS
  • 25734 W Ripple Road Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.67
    •  
  • 25824 W Miami Street Buckeye, AZ 1
    • 5 beds 3 baths ∙ 2,531 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,531 Sqft ∙ Built 2005
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.55
    •  
  • 25550 W Williams Street Buckeye, AZ 2
    • 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
    •  
  • 25759 W Ripple Road Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,840 Sqft ∙ Built 2006
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.53
    •  
  • 25532 W Williams Street Buckeye, AZ 4
    • 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
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180458
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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