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3906 N Evergreen Street Buckeye, AZ 85396

3 Beds 3 Baths 3,265 sqft Built 2005

$615,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $188.36
  • 4 Days on Market
  • MLS # : 6188793
  • Updated Date : 02/25/2021 at 18:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,265 sqft
  • Baths : 2 full , 1 half
Listing Agent

3rd Base Realty Group Llc

Listing Agent's Description

Great location with views. This single level Monterey Home is located close to the Verrado shops and amenities and has views of the White Tank Mountains in the backyard. The home includes granite counter tops and lots of tile throughout. Enjoy the Verrado lifestyle with parks, community pools, workout center, golf course, and restaurants nearby.

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 Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

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

$553,500$676,500$615,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,136
Property Tax -$571
Property Insurance -$91
HOA -$113
Property Management Fees -$99
CASH FLOW
-$690

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.

$615,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.38%

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$1.4M$1.6M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,514

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,3204$2,5955$2,700
$2,700
RENT COMPS ANALYSIS
  • 3906 N Evergreen Street Buckeye, AZ 3
    • 3 beds 3 baths ∙ 3,265 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,265 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.71
    •  
  • 20465 W Thayer Street Buckeye, AZ 1
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 20865 W Edith Way Buckeye, AZ 2
    • 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
    •  
  • 3484 N Park Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.82
    •  
  • 20450 W Crescent Drive Buckeye, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Amy Hayslett
3rd Base Realty Group Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188793
Last Updated: 02/25/2021
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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