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3007 N Summer Street Buckeye, AZ 85396

3 Beds 4 Baths 3,558 sqft Built 2007

$749,990

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $210.79
  • 1 Days on Market
  • MLS # : 6193996
  • Updated Date : 02/14/2021 at 03:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,558 sqft
  • Baths : 3 full , 1 half
Listing Agent

Verrado Realty Llc

Listing Agent's Description

Pristine Palmcroft Floorplan located on premium view lot in Verrado. A versatile split floorplan perfect for entertaining family and friends. This home features every optional upgrade offered by the builder, including Gourmet Kitchen with GE Monogram appliances, expanded Guest Suites, Teen Room and Family Room, bay window in Master Retreat and spacious Bonus Room off the Master Bath perfect for 2nd Home Office, Nursery, Workout Room or Craft Room. The Main Living space has a stunning multi-sliding window wall combining indoor and outdoor living. The backyard retreat is just as gorgeous as the home itself; Travertine pavers accentuate this resort style backyard oasis complete with crystal clear pool and spa. This property showcases the ultimate pride in ownership (continued)

SEE MORE

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 High School High Regular 1,855 74 4

Verrado High School

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

$674,991$824,989$749,990

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,605
Property Tax -$697
Property Insurance -$97
HOA -$113
Property Management Fees -$99
CASH FLOW
-$940

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.

$749,990

PROJECTED PRICE

$2,670

PROJECTED RENT

0.36%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,497

INVESTMENT

$204,497

Down Payment
$187,498
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,498
Loan Amount $562,493
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$153

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
  • $2,977

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,7004$3,195
$3,195
RENT COMPS ANALYSIS
  • 3007 N Summer Street Buckeye, AZ 1
    • 3 beds 4 baths ∙ 3,558 Sqft ∙ Built 2007 3 beds 4 baths ∙ 3,558 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20432 W Legend Trail Buckeye, AZ 2
    • 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.72
    •  
  • 20450 W Crescent Drive Buckeye, AZ 3
    • 4 beds 4 baths ∙ 3,371 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,371 Sqft ∙ Built 2005
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
  • 21181 W Hillcrest Boulevard Buckeye, AZ 4
    • 4 beds 3 baths ∙ 3,226 Sqft ∙ Built 2020 4 beds 3 baths ∙ 3,226 Sqft ∙ Built 2020
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.99
    •  
PROPERTY LISTING DETAILS
Timothy Klimek
Verrado Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193996
Last Updated: 02/14/2021
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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