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261 W Navajo Street Wickenburg, AZ 85390

3 Beds 2 Baths 1,400 sqft Built 2007

$236,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $168.57
  • 16 Days on Market
  • MLS # : 6163652
  • Updated Date : 12/05/2020 at 18:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona West

Listing Agent's Description

Perfect home to get started with. Short distance from shopping, entertainment and downtown. Large lot. Block wall surrounds the back yard for lots of privacy. 2nd block wall separates 1/4 of the yard for your dog run or RV Storage. Accessed through the alley. Beautiful site built home. 3 bedroom, 2 bath. Open floor plan. Master walk-in closet with separate exit to the backyard. Covered back patio. No HOA. Make this your next home!!!

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PRICE & RENT TRENDS

Zip Code: 85390

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85390

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Hassayampa Elementary School Primary Regular 415 24 NA
Vulture Peak School Middle Regular 216 12 3
Wickenburg High School High Regular 657 30 4

Hassayampa Elementary School

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 24
NA
GreatSchools Rating

Vulture Peak School

  • Education Level: Middle
  • # of students: 216
  • # of teachers: 12
3
GreatSchools Rating

Wickenburg High School

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

$212,400$259,600$236,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$871
Property Tax -$123
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$152

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.

$236,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,290

INVESTMENT

$68,290

Down Payment
$59,000
Rehab Estimate
$5,750
Closing Costs
$3,540

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$871

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,000
Loan Amount $177,000
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$32,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2003$1,300
$1,300
RENT COMPS ANALYSIS
  • 261 W Navajo Street Wickenburg, AZ 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 345 N Madison Street Wickenburg, AZ 1
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1998
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.89
    •  
  • 735 Buena Vista Drive Wickenburg, AZ 2
    • 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1996
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
June Antos
Century 21 Arizona West
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163652
Last Updated: 12/05/2020
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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