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4535 N Arbor Way Buckeye, AZ 85396

4 Beds 2 Baths 2,241 sqft Built 2013

$489,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $218.21
  • 3 Days on Market
  • MLS # : 6199421
  • Updated Date : 02/26/2021 at 19:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,241 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Walking distance to Verrado Driving Range , Golf Club, Verrado Grill and the Main Street District! This is the home you have been looking for! Sunrise and sunset views. Largest Lot in Sage Hill District with beautiful mountain views. Over $60,000.00 in upgrades. Including upgraded tile and kitchen cabinets. Stainless steel appliances, double oven, undermount sink, granite counter tops, pull out shelves, staggered cabinets with 4''crown moldings. R.O. system, pantry & huge kitchen island. 4 bedrooms with a den, hunter douglas blinds, . 8 ft doors throughout the home. 3 car garage with epoxy finished floor and openers with key pad. Extended patio with artificial grass and travertine back yard plus a walk out from the master.

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
 

$440,100$537,900$489,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,698
Property Tax -$464
Property Insurance -$71
HOA -$116
Property Management Fees -$99
CASH FLOW
-$418

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.

$489,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.42%

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-$5.0k$0.0$5.0k$10k

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$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,698

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,978

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7953$1,8504$1,9505$2,030
$2,030
RENT COMPS ANALYSIS
  • 4535 N Arbor Way Buckeye, AZ 5
    • 4 beds 2 baths ∙ 2,241 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,241 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.91
    •  
  • 4535 N Point Ridge Road Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 21140 W Glen Street Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2006
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
  • 21160 W Main Street Buckeye, AZ 3
    • 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,204 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 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 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
PROPERTY LISTING DETAILS
Kathleen Pfeifle
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199421
Last Updated: 02/26/2021
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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