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5674 S 237th Drive Buckeye, AZ 85326

4 Beds 3 Baths 2,014 sqft Built 2008

$299,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $148.46
  • 2 Days on Market
  • MLS # : 6174626
  • Updated Date : 12/26/2020 at 11:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,014 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful and well kept home located in Buckeye Arizona. This home has 4 bedrooms 2.5 Bathrooms a large living room and family room with an updated kitchen. Kitchen has granite countertops, backsplash and a large island.It also has a reverse osmosis drinking water and a full home water softener system. Home sits on a large lot in a cul-de-sac with a RV Gate and in walking distance to a park. Exterior of home was painted in 2020 and AC unit was replaced in 2019. Take a look at the virtual walk thru. Hurry and schedule your showing today.

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,103
Property Tax -$199
Property Insurance -$66
HOA -$58
Property Management Fees -$99
CASH FLOW
-$85

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.

$299,000

PROJECTED PRICE

$1,440

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,238

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
  • $1,425

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3354$1,3855$1,600
$1,600
RENT COMPS ANALYSIS
  • 5674 S 237th Drive Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23982 W Huntington Drive Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2008
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.64
    •  
  • 5898 S 240th Drive Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2008
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $0.66
    •  
  • 23807 W Grove Street Buckeye, AZ 4
    • 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2008
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.74
    •  
  • 5962 S 240th Drive Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,015 Sqft ∙ Built 2008
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
PROPERTY LISTING DETAILS
Carmen Lance
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174626
Last Updated: 12/26/2020
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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