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27499 W Mohawk Lane Buckeye, AZ 85396

2 Beds 2 Baths 1,603 sqft Built 2018

INVESTimate

$295,700

List Price

$1,520

$1,368 - $1,672

Rent Est.

$303,004  ( +2.47%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2018
  • Price/Sqft : $184.47
  • 9 Days on Market
  • MLS # : 6119245
  • Updated Date : 08/20/2020 at 09:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,603 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

LOCATION,LOCATION, LOCATION !! Charming Hideaway model situated next to a beautiful desert common area with mountain views Enter this open concept, split floor plan with wood-like plank flooring and carpet in all the right places. Inviting gathering space and Large kitchen w/ staggered maple cabinets, gas stove, custom back-splash, SS appliances, walk-in pantry, & huge Island breakfast bar Master suite offers bay window, w/barn door feature to adjoining bath, dual sinks, step in shower, and large walk in closet. Light bright 2nd bedroom. 2 car insulated extended garage w/ utility sink. Enjoy outdoor living by relaxing on your covered patio overlooking beautifully landscaped backyard and expansive view of the desert landscape common area with mountain views. This is a must see !!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85396

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $101k324k

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

Zip Code: 85396

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8631734

* 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
 

$266,130$325,270$295,700

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,091
Property Tax -$318
Property Insurance -$58
HOA -$145
Property Management Fees -$99
CASH FLOW
-$192

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$295,700

PROJECTED PRICE

$1,520

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 2.47%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,111

INVESTMENT

$84,111

Down Payment
$73,925
Rehab Estimate
$5,750
Closing Costs
$4,436

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,091

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,925
Loan Amount $221,775
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,872

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,672

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,5203$1,7854$1,800
$1,800
RENT COMPS ANALYSIS
  • 27499 W Mohawk Lane Buckeye, 2
    • 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,603 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.95
    •  
  • 26077 W Sequoia Drive Buckeye, 1
    • 2 beds 2 baths ∙ 1,261 Sqft ∙ Built 2013 2 beds 2 baths ∙ 1,261 Sqft ∙ Built 2013
    LEASED 03/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.03
    •  
  • 26656 W Runion Drive Buckeye, 3
    • 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, 4
    • 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
Audre J Skakoon
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119245
Last Updated: 08/20/2020
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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