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25935 W Potter Drive Buckeye, AZ 85396

4 Beds 2 Baths 2,032 sqft Built 2015

$320,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $157.48
  • 3 Days on Market
  • MLS # : 6191414
  • Updated Date : 02/14/2021 at 04:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,032 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Multiple Offers Received. Fantastic Festival Foothills location. Single Level Home with 4 Bedrooms, Den and 2 Bath house begins with the Lovely Courtyard that boasts easy care Turf and Privacy. Inside you will find 18'' tile in all family areas. Kitchen includes Granite Counters, Island, Gas Range, Stainless Steel Appliances, Upgraded Faucet, Staggered Cabinets, Walk In Pantry and RO System. Tasteful Designer Colors, Shutters Throughout, Fans, Sunscreens, Soft Water System. Hall bath is pre-plumbed for dual sinks. Master Ensuite comprises of Oversized Shower, Dual Sinks, Walk In Closet. In the Backyard you will Enjoy the Superb Pergola with Misting System, Extended Paver Patio, easy care Turf Grass, Sweet Fruit Trees and Garden beds. Best of all, APS owned Solar, they give you credit.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Festival Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $97k271k

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

Neighborhood: Festival Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8631567

* 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
Wickenburg High School High Regular 657 30 4

Wickenburg High School

  • Education Level: High
  • # of students: 657
  • # of teachers: 30
4
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,111
Property Tax -$260
Property Insurance -$67
HOA -$33
Property Management Fees -$99
CASH FLOW
-$10

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$320,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$17,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,707

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5253$1,5604$1,750
$1,750
RENT COMPS ANALYSIS
  • 25935 W Potter Drive Buckeye, AZ 3
    • 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.77
    •  
  • 26001 W Sequoia Drive Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 2017
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.85
    •  
  • 26145 W Piute Avenue Buckeye, AZ 2
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 2009
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.86
    •  
  • 26196 W Burnett Road Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,158 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,158 Sqft ∙ Built 2007
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
PROPERTY LISTING DETAILS
Deanna Markosian
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191414
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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