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2854 N Heritage Street Buckeye, AZ 85396

4 Beds 4 Baths 2,889 sqft Built 2007

$474,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $164.38
  • 65 Days on Market
  • MLS # : 6131405
  • Updated Date : 11/28/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,889 sqft
  • Baths : 3 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Everything you've been looking for is finally here!! This Charming very popular Wysteria floor plan by Pulte Homes features 4 bedrooms, den, formal dining, sitting room, and two Master Suites, 1 on the main level and 1 on the 2nd level with a kitchenette. This gorgeous home has room for everyone!! This home has been meticulously cared for and it shows from the gorgeous curb appeal thru the interior. Relax in one of two courtyards to the tranquil sounds of a beautiful fountain. The Chefs Kitchen features a gas cooktop, dual convection wall ovens and granite countertops. This home has been meticulously cared for and it shows from the gorgeous curb appeal thru the interior. Relax in one of two courtyards and listen to the tranquil sounds of a beautiful fountain . The Chefs Kitchen featu

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PRICE & RENT TRENDS

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $101k367k

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

Neighborhood: Verrado

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
Verrado Heritage Elementary School Primary Regular NA
Verrado Heritage Elementary School Middle Regular NA
Verrado High School High Regular 1,855 74 4

Verrado Heritage Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado Heritage Elementary School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$427,410$522,390$474,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,752
Property Tax -$441
Property Insurance -$83
HOA -$116
Property Management Fees -$99
CASH FLOW
-$552

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.

$474,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$577

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,044

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9403$2,0004$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 2854 N Heritage Street Buckeye, AZ 2
    • 4 beds 4 baths ∙ 2,889 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,889 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.67
    •  
  • 2247 N Riley Road Buckeye, AZ 1
    • 4 beds 4 baths ∙ 2,955 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,955 Sqft ∙ Built 2017
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.63
    •  
  • 3190 N Evergreen Street Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2013
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
  • 3951 N Founder Circle Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2004
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 20865 W Edith Way Buckeye, AZ 5
    • 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,080 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.73
    •  
PROPERTY LISTING DETAILS
Tara Esling
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6131405
Last Updated: 11/28/2020
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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