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26503 W Zachary Drive Buckeye, AZ 85396

2 Beds 3 Baths 2,354 sqft Built 2019

$479,700

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $203.78
  • 3 Days on Market
  • MLS # : 6172777
  • Updated Date : 12/18/2020 at 18:41
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,354 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

LOOK NO FURTHER! 2354 SQ FT OF CASUAL ELEGANCE SITUATED ON A PREMIUM GOLF COURSE ESTATE LOT with 4 FT EXT GAR & BONUS WORKSHOP/FLEX ROOM! Enter this open concept split floor plan with neutral tile and carpet in all the right places. Designer lighting and window treatments throughout. Chef Kitchen features quartz counters, pull out shelves, custom backsplash & Island breakfast bar which opens to the Dining and Gathering space, Owners suite offers Custom Tile Surround Step in Shower, dual sinks & large walk in closet. Den w/closet, or Opt 3rd Bed, Spacious en suite guest bed, Utility room w/Sink and Huge Storage closet. Enjoy outdoor living on your Extended covered Patio Overlooking the 8th hole of the Vista Course with Panoramic Views of the White Tank Mountains and Gorgeous AZ Sunset

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
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
 

$431,730$527,670$479,700

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,770
Property Tax -$461
Property Insurance -$73
HOA -$48
Property Management Fees -$99
CASH FLOW
-$322

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.

$479,700

PROJECTED PRICE

$2,130

PROJECTED RENT

0.44%

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-$5.0k$0.0$5.0k$10k

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$129,121

INVESTMENT

$129,121

Down Payment
$119,925
Rehab Estimate
$2,000
Closing Costs
$7,196

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,770

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,925
Loan Amount $359,775
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,024

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,130
$2,130
RENT COMPS ANALYSIS
  • 26503 W Zachary Drive Buckeye, AZ 2
    • 2 beds 3 baths ∙ 2,354 Sqft ∙ Built 2019 2 beds 3 baths ∙ 2,354 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.90
    •  
  • 20193 N 263rd Drive Buckeye, AZ 1
    • 2 beds 2 baths ∙ 2,323 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,323 Sqft ∙ Built 2006
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Charles Rainwater
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172777
Last Updated: 12/18/2020
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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