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3227 N Evergreen Street Buckeye, AZ 85396

2 Beds 2 Baths 2,012 sqft Built 2007

$360,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $178.93
  • 4 Days on Market
  • MLS # : 6165045
  • Updated Date : 11/28/2020 at 21:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,012 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Former Model in Verrado! Lovely home located on tree lined street in the highly sought after community of Verrado. Travertine floors and plush carpeting in all the right places. Plantation Shutters and neutral color palette throughout. Home office/den has French doors to patio. Spacious open floor plan is the perfect entertaining space. The stunning eat-in kitchen has custom cabinets, gorgeous marble counters, glass mosaic backsplash, large island with breakfast bar seating and black appliances. The master bedroom has a private entrance, beautiful full bath with jetted tub and a custom walk-in closet. Surround sound, tankless hot water heater, water softener, reverse osmosis, garage has A/C, built in cabinets, workbench, epoxy floors and so much more!

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 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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,328
Property Tax -$334
Property Insurance -$66
HOA -$114
Property Management Fees -$99
CASH FLOW
-$42

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.

$360,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530$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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,096

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
  • $2,067

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9004$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 3227 N Evergreen Street Buckeye, AZ 1
    • 2 beds 2 baths ∙ 2,012 Sqft ∙ Built 2007 2 beds 2 baths ∙ 2,012 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21164 W Sunrise Lane Buckeye, AZ 2
    • 2 beds 3 baths ∙ 1,891 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,891 Sqft ∙ Built 2006
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
  • 20657 W Hamilton Street Buckeye, AZ 3
    • 2 beds 2 baths ∙ 1,877 Sqft ∙ Built 2012 2 beds 2 baths ∙ 1,877 Sqft ∙ Built 2012
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 20962 W Wycliff Drive Buckeye, AZ 4
    • 2 beds 2 baths ∙ 1,915 Sqft ∙ Built 2010 2 beds 2 baths ∙ 1,915 Sqft ∙ Built 2010
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 20601 W Minnezona Avenue Buckeye, AZ 5
    • 2 beds 3 baths ∙ 1,988 Sqft ∙ Built 2016 2 beds 3 baths ∙ 1,988 Sqft ∙ Built 2016
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.06
    •  
PROPERTY LISTING DETAILS
Katie Painter
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165045
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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