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27015 W Mohawk Lane Buckeye, AZ 85396

2 Beds 2 Baths 2,092 sqft Built 2008

$399,700

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $191.06
  • 3 Days on Market
  • MLS # : 6167661
  • Updated Date : 12/04/2020 at 10:11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,092 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

YOUR DESTINY AWAITS YOU! 2 bed, Den 2.5.Car Gar & PAID SOLAR. Enter the charming front courtyard to an open concept split floorplan w/ tile & carpet in all the right places, 10 ft ceilings, Expansive gathering space w/ Gorgeous Custom Entertainment center, surround sound & plenty of room for Dining & Entertaining, Kitchen boasts, upgraded cabinets w/ pullouts SS appliances, Granite tops, Huge kitchen Island & Breakfast Bar. RO & Soft water system, Owners suite w/ adjoining luxury bath & walk in closet. Light ,bright Guest bed & Den / Flex room, perfect for office or hobbies 2.5 Garage w/ cabinetry & workbench, Enjoy outdoor living on your extended patio w/ remote10.5 X 24 ft awning overlooking the beautiful landscaped, fenced yard w/ firepit, water feature & outdoor cook station

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
 

$359,730$439,670$399,700

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,475
Property Tax -$392
Property Insurance -$68
HOA -$48
Property Management Fees -$99
CASH FLOW
-$242

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.

$399,700

PROJECTED PRICE

$1,840

PROJECTED RENT

0.46%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,671

INVESTMENT

$111,671

Down Payment
$99,925
Rehab Estimate
$5,750
Closing Costs
$5,996

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,925
Loan Amount $299,775
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,273

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,071

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,840
$1,840
RENT COMPS ANALYSIS
  • 27015 W Mohawk Lane Buckeye, AZ 2
    • 2 beds 2 baths ∙ 2,092 Sqft ∙ Built 2008 2 beds 2 baths ∙ 2,092 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.88
    •  
  • 27057 W Tonopah Drive Buckeye, AZ 1
    • 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
Charles Rainwater
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167661
Last Updated: 12/04/2020
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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