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2644 S 257th Avenue Buckeye, AZ 85326

5 Beds 3 Baths 2,259 sqft Built 2007

$305,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $135.02
  • 2 Days on Market
  • MLS # : 6160167
  • Updated Date : 11/14/2020 at 05:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,259 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful 5 bedroom 3 bath home in the WestPark community. Great open floor plan with a large kitchen that looks into the family room, kitchen has corian countertops, breakfast bar, an island and pantry. Nice vaulted ceilings, split floor plan with two master bedrooms each with their own private bath and walking closet. The large master bedroom comes with a bayed window and private exit to the covered patio. Large backyard with lots of room for entertainment, it just needs your special touch. Inside laundry, two car garage and RV Gate. Solar panels lease with monthly payments of $170 a month and the average utility bill in the summer is $90.00

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westpark

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Westpark

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8311567

* 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
Westpark Elementary School Primary Regular 741 38 5
Westpark Elementary School Middle Regular 741 38 5
Youngker High School High Regular 1,580 67 3

Westpark Elementary School

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 38
5
GreatSchools Rating

Westpark Elementary School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 38
5
GreatSchools Rating

Youngker High School

  • Education Level: High
  • # of students: 1,580
  • # of teachers: 67
3
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,125
Property Tax -$287
Property Insurance -$71
HOA -$18
Property Management Fees -$99
CASH FLOW
-$101

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.

$305,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,869

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
  • $1,514

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3754$1,4005$1,425
$1,425
RENT COMPS ANALYSIS
  • 2644 S 257th Avenue Buckeye, AZ 1
    • 5 beds 3 baths ∙ 2,259 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,259 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 25817 W Victory Street Buckeye, AZ 2
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2005
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.68
    •  
  • 24805 W Rosita Avenue Buckeye, AZ 3
    • 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,967 Sqft ∙ Built 2005
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.70
    •  
  • 25552 W Primrose Lane Buckeye, AZ 4
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 25550 W Williams Street Buckeye, AZ 5
    • 5 beds 3 baths ∙ 2,485 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,485 Sqft ∙ Built 2005
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.57
    •  
PROPERTY LISTING DETAILS
Daniel Barraza
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160167
Last Updated: 11/14/2020
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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