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26818 W Runion Drive Buckeye, AZ 85396

2 Beds 2 Baths 1,819 sqft Built 2007

$350,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $192.41
  • 3 Days on Market
  • MLS # : 6200231
  • Updated Date : 03/07/2021 at 01:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,819 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Come and Experience the Peaceful & Tranquil Beauty of this Amazing Home In the Adult Community of Sun City Festival! Don't Miss Out On This Spectacular Home! Imagine Enjoying your Large Open Front Courtyard drinking your morning coffee or when friends come over for a cocktail. Entering into this well maintained home that boasts a large kitchen and open Living/Dining space with a Den and to be involved in conversation or watching your favorite movie while creating delicious meals, is Always a Plus! Off the entrance to the left is a Private hallway to a Generously sized Master Suite with a large walk-in closet and great walk-in shower in the master bathroom. The 2nd Bedroom allows your guests a private retreat with the 2nd bathroom close by. Entertaining in this Beautifully manicured

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,216
Property Tax -$343
Property Insurance -$63
HOA -$48
Property Management Fees -$99
CASH FLOW
$131

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.

$350,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.54%

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) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$29,074

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,785
1$1,7852$1,8003$1,900
$1,900
RENT COMPS ANALYSIS
  • 26818 W Runion Drive Buckeye, AZ 3
    • 2 beds 2 baths ∙ 1,819 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,819 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 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 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Caroline Kovacs
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200231
Last Updated: 03/07/2021
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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