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27124 W Burnett Road Buckeye, AZ 85396

2 Beds 2 Baths 1,961 sqft Built 2007

$402,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $205.00
  • 2 Days on Market
  • MLS # : 6155032
  • Updated Date : 11/02/2020 at 09:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,961 sqft
  • Baths : 2 full
Listing Agent

Arizona Buyers Realty

Listing Agent's Description

Come and view this beautiful JUBILEE home that has a ton of unique features not found anywhere else. AMENITIES OUTSIDE: 2 full patios- east & south facing, built-in BBQ, Fire pit, 28 Solar panels, 2+1 full garages, newly painted exterior, beautifully landscaped yard on a 11,193pie shaped property! INSIDE: gas range top, Recirculating hot water, Glide out shelving, Granite counters, upgraded cabinetry, east facing breakfast nook, 10' ceilings, all tiled floors, unique den. Master bathroom is totally remodeled w/ a gorgeous walk-in all tiled shower, dual sinks, custom cabinetry, walk-in closet. Laundry room is large. A one-of-a-kind property that will shine above the rest. A Home Warranty is included as a gift to the Buyer, & $2,300 CFD is PAID IN FULL. Classy home for someone special

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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
 

$361,800$442,200$402,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,483
Property Tax -$394
Property Insurance -$65
HOA -$48
Property Management Fees -$99
CASH FLOW
-$50

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.

$402,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.51%

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$15k

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$112,280

INVESTMENT

$112,280

Down Payment
$100,500
Rehab Estimate
$5,750
Closing Costs
$6,030

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,483

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,500
Loan Amount $301,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$20,750

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
  • $2,059

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7853$1,800
$1,800
RENT COMPS ANALYSIS
  • 27124 W Burnett Road Buckeye, AZ 1
    • 2 beds 2 baths ∙ 1,961 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,961 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 26656 W Runion Drive Buckeye, AZ 2
    • 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 3
    • 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
Don Schelling
Arizona Buyers Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155032
Last Updated: 11/02/2020
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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