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592 N Madison Street Wickenburg, AZ 85390

2 Beds 1 Baths 1,029 sqft Built 1995

$168,000

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $163.27
  • 7 Days on Market
  • MLS # : 6185574
  • Updated Date : 01/26/2021 at 15:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,029 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

2 bedroom, 1 bathroom, freshly painted, open floor plan, private back yard fully fenced with pavers and covered patio, storage shed in the back as well as two in the front yard, 1 car carport, if you love to garden you will love this place, it is already all set up and ready to start gardening. plenty of room for parking, don't miss out on this place it is adorable.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85390

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85390

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Hassayampa Elementary School Primary Regular 415 24 NA
Vulture Peak School Middle Regular 216 12 3
Wickenburg High School High Regular 657 30 4

Hassayampa Elementary School

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 24
NA
GreatSchools Rating

Vulture Peak School

  • Education Level: Middle
  • # of students: 216
  • # of teachers: 12
3
GreatSchools Rating

Wickenburg High School

  • Education Level: High
  • # of students: 657
  • # of teachers: 30
4
GreatSchools Rating
 

$151,200$184,800$168,000

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$584
Property Tax -$87
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
$273

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.

$168,000

PROJECTED PRICE

$1,090

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,270

INVESTMENT

$50,270

Down Payment
$42,000
Rehab Estimate
$5,750
Closing Costs
$2,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$584

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,000
Loan Amount $126,000
See What Happens When You Reinvest Cash Flow

13.25

YEARS SAVED

$35,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,055

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$850
1$8502$9003$1,090
$1,090
RENT COMPS ANALYSIS
  • 592 N Madison Street Wickenburg, AZ 3
    • 2 beds 1 baths ∙ 1,029 Sqft ∙ Built 1995 2 beds 1 baths ∙ 1,029 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $1.06
    •  
  • 890 N Poppy Street Wickenburg, AZ 1
    • 2 beds 2 baths ∙ 932 Sqft ∙ Built 1984 2 beds 2 baths ∙ 932 Sqft ∙ Built 1984
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.91
    •  
  • 455 N Tegner Street #11 Wickenburg, AZ 2
    • 2 beds 1 baths ∙ 792 Sqft ∙ Built 1984 2 beds 1 baths ∙ 792 Sqft ∙ Built 1984
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $1.14
    •  
PROPERTY LISTING DETAILS
Wendy Ortiz
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185574
Last Updated: 01/26/2021
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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