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4031 W Buckskin Trail Phoenix, AZ 85083

3 Beds 2 Baths 1,567 sqft Built 1999

INVESTimate

$340,000

List Price

$1,460

$1,314 - $1,606

Rent Est.

$354,824  ( +4.36%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $216.98
  • 9 Days on Market
  • MLS # : 6118970
  • Updated Date : 08/24/2020 at 09:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,567 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Fully upgraded North-west Phoenix house. This home features granite countertops and stainless steel appliances in the kitchen, laminate floors in the master bedroom and guest bedroom and wood-look tiles in the second guest bedroom. Master bath has a large dual shower with porcelain and travertine tiles and guest bath has a tub surrounded with travertine tiles. The property also includes a fireplace and a custom barbecue with a ceramic/travertine backsplash design and natural stone on the BBQ sidewall of the house .

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PRICE & RENT TRENDS

Neighborhood: Stetson Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k456k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Stetson Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342198

* 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
Stetson Hills School Primary Regular 1,083 55 9
Stetson Hills School Middle Regular 1,083 55 9
Sandra Day O'connor High School High Regular 2,481 108 6

Stetson Hills School

  • Education Level: Primary
  • # of students: 1,083
  • # of teachers: 55
9
GreatSchools Rating

Stetson Hills School

  • Education Level: Middle
  • # of students: 1,083
  • # of teachers: 55
9
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,254
Property Tax -$201
Property Insurance -$58
HOA -$60
Property Management Fees -$99
CASH FLOW
-$212

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.

$340,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.36%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,074

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
  • $1,516

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,4954$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 4031 W Buckskin Trail Phoenix, 1
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4107 W Whispering Wind Drive Glendale, 2
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1992
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.96
    •  
  • 3548 W Whispering Wind Drive Glendale, 3
    • 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1998
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 25213 N 40th Lane Phoenix, 4
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2000
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 25242 N 40th Lane Phoenix, 5
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1999
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
PROPERTY LISTING DETAILS
Buoen Guonev
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118970
Last Updated: 08/24/2020
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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