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26320 W Matthew Drive Buckeye, AZ 85396

2 Beds 2 Baths 1,888 sqft Built 2020

$520,700

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $275.79
  • 2 Days on Market
  • MLS # : 6200018
  • Updated Date : 02/27/2021 at 00:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,888 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Absolutely stunning Haven model on the 7th green of the Lake Course at Copper Canyon Golf Club in Sun City Festival offers incredible golf, lake, and mountain views! Highly upgraded throughout, this popular split bedroom floor plan offers 1888 square feet of inside living space with 2 bedrooms + den with custom barn doors and 2 baths. The kitchen features upgraded maple cabinetry with crown molding in a beautiful ''Latte'' finish, high-end chiseled-edge granite countertops, subway tile backsplash, stainless appliances, walk-in pantry, and island with breakfast bar and pendant lighting. Sliding doors lead out to a charming side courtyard with pergola covering and paver flooring - the perfect place to enjoy your morning coffee or watch the sun set. Center-sliding doors lead out from the *

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City Festival

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $101k358k

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

Neighborhood: Sun City Festival

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8631981

* 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
 

$468,630$572,770$520,700

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,809
Property Tax -$498
Property Insurance -$64
HOA -$48
Property Management Fees -$99
CASH FLOW
-$538

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$520,700

PROJECTED PRICE

$1,980

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$139,986

INVESTMENT

$139,986

Down Payment
$130,175
Rehab Estimate
$2,000
Closing Costs
$7,811

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,809

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,175
Loan Amount $390,525
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,785
1$1,7852$1,8003$1,980
$1,980
RENT COMPS ANALYSIS
  • 26320 W Matthew Drive Buckeye, AZ 3
    • 2 beds 2 baths ∙ 1,888 Sqft ∙ Built 2020 2 beds 2 baths ∙ 1,888 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.05
    •  
  • 26656 W Runion Drive Buckeye, AZ 1
    • 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 2007
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.11
    •  
  • 27057 W Tonopah Drive Buckeye, AZ 2
    • 2 beds 2 baths ∙ 1,819 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,819 Sqft ∙ Built 2008
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
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 #: 6200018
Last Updated: 02/27/2021
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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