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26120 W Oraibi Drive Buckeye, AZ 85396

2 Beds 2 Baths 1,261 sqft Built 2014

INVESTimate

$236,900

List Price

$1,310

$1,179 - $1,441

Rent Est.

$248,911  ( +5.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $187.87
  • 3 Days on Market
  • MLS # : 6121189
  • Updated Date : 08/24/2020 at 02:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,261 sqft
  • Baths : 2 full
Listing Agent

Lake Pleasant Real Estate

Listing Agent's Description

Welcome home to this well maintained 2 bed 2 bath home in beautiful Festival Foothills! The charm of this home will check off all the boxes! Make your way into the home to find 20x20 tile throughout and carpet in all bedrooms. Neutrally painted with white shutters throughout that were installed in 2019! Kitchen features staggered 36'' cabinets, stainless steel appliances with a gas range, pendant lights and laminate counters. Master bedroom features a spacious walk-in closet, walk-in shower and double sinks. Second bedroom is generously sized with an additional full bathroom. Make your way to the large backyard with fully covered patio, extended pavers and grass! Perfect spot to enjoy the beautiful AZ sunsets! Other features include sun/privacy screens on the exterior, north/south facing,

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
Festival Foothills Elementary School Primary Regular 208 12 NA
Festival Foothills Elementary School Middle Regular 208 12 NA
Wickenburg High School High Regular 657 30 4

Festival Foothills Elementary School

  • Education Level: Primary
  • # of students: 208
  • # of teachers: 12
NA
GreatSchools Rating

Festival Foothills Elementary School

  • Education Level: Middle
  • # of students: 208
  • # of teachers: 12
NA
GreatSchools Rating

Wickenburg High School

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

$213,210$260,590$236,900

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$874
Property Tax -$182
Property Insurance -$52
HOA -$98
Property Management Fees -$99
CASH FLOW
$6

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.

$236,900

PROJECTED PRICE

$1,310

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.07%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,529

INVESTMENT

$68,529

Down Payment
$59,225
Rehab Estimate
$5,750
Closing Costs
$3,554

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,225
Loan Amount $177,675
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$16,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,320

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2504$1,300
$1,300
RENT COMPS ANALYSIS
  • 26120 W Oraibi Drive Buckeye, 1
    • 2 beds 2 baths ∙ 1,261 Sqft ∙ Built 2014 2 beds 2 baths ∙ 1,261 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20558 N 260th Lane Buckeye, 2
    • 2 beds 2 baths ∙ 1,099 Sqft ∙ Built 2015 2 beds 2 baths ∙ 1,099 Sqft ∙ Built 2015
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.09
    •  
  • 20618 N 262nd Avenue Buckeye, 3
    • 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 2007
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 26077 W Sequoia Drive Buckeye, 4
    • 2 beds 2 baths ∙ 1,261 Sqft ∙ Built 2013 2 beds 2 baths ∙ 1,261 Sqft ∙ Built 2013
    LEASED 03/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Brittany Axelson
Lake Pleasant Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121189
Last Updated: 08/24/2020
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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