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5282 S 236th Avenue Buckeye, AZ 85326

4 Beds 3 Baths 2,251 sqft Built 2008

$289,800

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $128.74
  • 7 Days on Market
  • MLS # : 6164136
  • Updated Date : 11/24/2020 at 22:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,251 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

*Wow, We Love it!* Welcome home to this move in ready Spacious 4 Bedroom/ 3 bathroom house with 2,200+ Square Feet! This home features all neutral 2-tone paint throughout, Wood-like vinyl plank flooring, Wood shutters, Upgraded Stainless Steel appliances and stained oak Cabinets in the kitchen! The upstairs features plush carpet and Wood laminate in the airy and open loft! Then exterior features a front and back covered porch with low maintenance landscaping all on an automatic H2O timer! Hurry, schedule a showing today before it's gone! Quick response from local Seller.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Riata West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Riata West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7311567

* 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
Marionneaux Elementary School Primary Regular NA
Buckeye Union High School High Regular 1,373 62 4

Marionneaux Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Buckeye Union High School

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

$260,820$318,780$289,800

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,069
Property Tax -$193
Property Insurance -$71
HOA -$58
Property Management Fees -$99
CASH FLOW
-$90

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.

$289,800

PROJECTED PRICE

$1,400

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.7%
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$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,547

INVESTMENT

$82,547

Down Payment
$72,450
Rehab Estimate
$5,750
Closing Costs
$4,347

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,069

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,450
Loan Amount $217,350
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$12,180

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
  • $1,581

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5494$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 5282 S 236th Avenue Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4936 S 238th Lane Buckeye, AZ 2
    • 3 beds 2 baths ∙ 2,085 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,085 Sqft ∙ Built 2016
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.70
    •  
  • 23745 W Hidalgo Avenue Buckeye, AZ 3
    • 5 beds 3 baths ∙ 2,251 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,251 Sqft ∙ Built 2008
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.69
    •  
  • 23719 W Wayland Drive Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 2008
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.69
    •  
  • 23817 W Corona Avenue Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2012
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
PROPERTY LISTING DETAILS
Noemi Yamasaki
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164136
Last Updated: 11/24/2020
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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