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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $172.04
- 6 Days on Market
- MLS # : 6173910
- Updated Date : 12/22/2020 at 16:27
CONSTRUCTION
- Beds : 4
- Floor Size : 1,831 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
Don't miss this two story home on an oversized lot in Sundance! This home has been refreshed with new interior and exterior paint, new luxury vinyl plank flooring, and new carpet. The kitchen features ample cabinet and counter space and stainless steel appliances. Primary suite on the main floor for added privacy. The primary bedroom has an ensuite bathroom and a walk in closet. Three additional bedrooms, a full bathroom, and a large loft located on the second floor. The spacious backyard boasts a newly resurfaced pool with a water feature, RV gate, covered patio, and grass area. Vacant and ready for viewing, come see!
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PRICE & RENT TRENDS
Neighborhood: Sundance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sundance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$257 | |
| Property Insurance | -$63 | |
| HOA | -$16 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$127
|
||
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.
$315,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
3.5
YEARS SAVED
$11,178
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,456
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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310 S 223rd Drive Buckeye, AZ 1
- 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $0
- $0.00
-
233 S 223rd Avenue Buckeye, AZ 2
- 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2003
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,325
- $0.72
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182 S 222nd Avenue Buckeye, AZ 3
- 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 2004
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,400
- $0.81
-
28 N 225th Drive Buckeye, AZ 4
- 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.79
-
118 N 224th Lane Buckeye, AZ 5
- 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,575
- $0.86
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173910
Last Updated: 12/22/2020
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.
