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26198 W Runion Drive Buckeye, AZ 85396

2 Beds 2 Baths 1,250 sqft Built 2007

$260,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $208.00
  • 4 Days on Market
  • MLS # : 6186642
  • Updated Date : 01/30/2021 at 15:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,250 sqft
  • Baths : 2 full
Listing Agent

Moose Group Real Estate

Listing Agent's Description

Wonderful corner lot located in the highly sought after Festival Foothills Community. Some of the great features, open den, split floor plan, lots of tile, wood shutters, cherry cabinetry, eat-in kitchen, bay windows in master, newer rear sliding door to patio and so much more. In the backyard you will find a wonderful Pool with water feature, lots of stars at night, covered patio and easy care landscaping.

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$903
Property Tax -$212
Property Insurance -$52
HOA -$33
Property Management Fees -$99
CASH FLOW
-$58

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.

$260,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.48%

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$100k$200k$300k$400k$500k$600k$700k$800k

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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$10,459

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,363

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2403$1,2504$1,600
$1,600
RENT COMPS ANALYSIS
  • 26198 W Runion Drive Buckeye, AZ 2
    • 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.99
    •  
  • 20558 N 260th Lane Buckeye, AZ 1
    • 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, AZ 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
    •  
  • 26534 W Potter Drive Buckeye, AZ 4
    • 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2006
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.16
    •  
PROPERTY LISTING DETAILS
Bruce C. Fraser
Moose Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186642
Last Updated: 01/30/2021
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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