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474 S 227th Court Buckeye, AZ 85326

2 Beds 2 Baths 1,665 sqft Built 2008

$299,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $180.12
  • 2 Days on Market
  • MLS # : 6187104
  • Updated Date : 01/30/2021 at 15:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,665 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Welcome Home!! This beautifully decorated home boasts some of the best sunsets and you'll enjoy watching them with or without friends. Imagine dinner parties on your extended covered Patio overlooking the Golf Course! A split floor plan to give you and your guests privacy when you want it, 2beds/2baths plus a den. Updated flooring 2 tone paint, Epoxied 2.5 car garage, Private Front Porch, Large Back Patio with Pavers and Pergola. Low maintenance Landscaping! Come and Enjoy Retirement In This Home In The Fabulous Adult Community Of Sundance!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8011567

* 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
Youngker High School High Regular 1,580 67 3

Youngker High School

  • Education Level: High
  • # of students: 1,580
  • # of teachers: 67
3
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,042
Property Tax -$244
Property Insurance -$60
HOA -$32
Property Management Fees -$99
CASH FLOW
-$186

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.

$299,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,547

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,349

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,2953$1,3954$1,450
$1,450
RENT COMPS ANALYSIS
  • 474 S 227th Court Buckeye, AZ 1
    • 2 beds 2 baths ∙ 1,665 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,665 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.77
    •  
  • 22529 W Twilight Trail Buckeye, AZ 2
    • 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,735 Sqft ∙ Built 2008
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.75
    •  
  • 22597 W La Pasada Boulevard Buckeye, AZ 3
    • 2 beds 2 baths ∙ 1,846 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,846 Sqft ∙ Built 2016
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.76
    •  
  • 22553 W Morning Glory Street Buckeye, AZ 4
    • 2 beds 2 baths ∙ 1,578 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,578 Sqft ∙ Built 2016
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
PROPERTY LISTING DETAILS
Caroline Kovacs
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187104
Last Updated: 01/30/2021
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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