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

5222 S Dove Hollow Hollow Buckeye, AZ 85326

3 Beds 2 Baths 1,206 sqft Built 2004

$215,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $178.28
  • 2 Days on Market
  • MLS # : 6157786
  • Updated Date : 11/07/2020 at 14:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,206 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This is a great home tucked in a quiet community away from the bustle of the big city! A few miles South of the 10 and not a far drive from central Phoenix. A cute home perfect for a first time buyer, snowbird or an investor! Great room floor plan with an eat-in kitchen and a comfortable living space. Three bedrooms in the back of the house gives you a nice place to sleep and the back yard is awesome for entertaining or relaxing and playing fetch with the dog! Come and see this home while you can!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dove Cove Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Dove Cove Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7331567

* 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
Steven R. Jasinski Elementary School Primary Regular 926 42 4
Steven R. Jasinski Elementary School Middle Regular 926 42 4
Buckeye Union High School High Regular 1,373 62 4

Steven R. Jasinski Elementary School

  • Education Level: Primary
  • # of students: 926
  • # of teachers: 42
4
GreatSchools Rating

Steven R. Jasinski Elementary School

  • Education Level: Middle
  • # of students: 926
  • # of teachers: 42
4
GreatSchools Rating

Buckeye Union High School

  • Education Level: High
  • # of students: 1,373
  • # of teachers: 62
4
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$793
Property Tax -$138
Property Insurance -$51
HOA -$61
Property Management Fees -$99
CASH FLOW
-$42

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.

$215,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.9%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$11,042

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,097

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1953$1,3004$1,3505$1,395
$1,395
RENT COMPS ANALYSIS
  • 5222 S Dove Hollow Hollow Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.91
    •  
  • 24032 W Pecan Road Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2008
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.91
    •  
  • 24755 W Dove Trail Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 24620 W Mobile Lane Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2016
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 24893 W Dove Mesa Drive Buckeye, AZ 5
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 2004
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
PROPERTY LISTING DETAILS
Neal Farrell
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157786
Last Updated: 11/07/2020
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