Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3935 N Kibbey Court Buckeye, AZ 85396

3 Beds 2 Baths 2,282 sqft Built 2006

$435,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $190.62
  • 2 Days on Market
  • MLS # : 6165589
  • Updated Date : 11/28/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,282 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

A rare find on one of the most quiet streets in Verrado. This one level, 3 bedroom home has a fabulous pool and wonderful garage cabinets. Lovingly fixed up and refurbished, this home has completed the following work in 2020: New Hot water tank, Kitchen plumbed for gas, exterior painted, most of the interior painted, Yard watering system drip all new and much more. 4 parks within a short few block walk, a large wash to run your dog, the town of Verrado, gym, K-12 schools, grocery shopping, CVS, 3 eateries, golf and more all within 4 blocks. Bring your street legal golf cart or razor, you will get plenty of use out of it. The 303 and I-10 freeways are both within a few minutes drive and over 2 million feet of retail and office space zoned in total for construction. Come see it all!

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 Elementary School Primary Regular 897 39 8
Verrado Elementary School Middle Regular 897 39 8
Verrado High School High Regular 1,855 74 4

Verrado Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 39
8
GreatSchools Rating

Verrado Elementary School

  • Education Level: Middle
  • # of students: 897
  • # of teachers: 39
8
GreatSchools Rating

Verrado High School

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

$391,500$478,500$435,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,605
Property Tax -$404
Property Insurance -$72
HOA -$116
Property Management Fees -$99
CASH FLOW
-$436

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.

$435,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.43%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,524

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,054

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8603$1,9004$1,9505$2,350
$2,350
RENT COMPS ANALYSIS
  • 3935 N Kibbey Court Buckeye, AZ 2
    • 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.82
    •  
  • 20779 W Ridge Road Buckeye, AZ 1
    • 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 2007
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 3254 N Park Street Buckeye, AZ 3
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2012
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 21157 W Prospector Way Buckeye, AZ 4
    • 3 beds 3 baths ∙ 2,098 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,098 Sqft ∙ Built 2005
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 20935 W Edith Way Buckeye, AZ 5
    • 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 2004
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lynn M Ashton Jr
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165589
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.

BESbswy