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7320 S Morning Dew Lane Buckeye, AZ 85326

3 Beds 2 Baths 1,653 sqft Built 2005

$260,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $157.29
  • 3 Days on Market
  • MLS # : 6190190
  • Updated Date : 02/06/2021 at 22:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,653 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Schedule your showing to see this beautiful 3 bedroom, 2 bath, immaculate home located in Sunset Point. Walk in to your new home with a large open kitchen that you'll love and an open family room perfect for entertaining! This home has spacious bedrooms and a den area to give you just what you're looking for. Owner's took pride in caring for their home over the years. Solar panels are installed on this home to help save you money, as well as blackout shades throughout the home! Don't miss out on this spectacular home! It won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sunset Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7431567

* 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
Buckeye Union High School High Regular 1,373 62 4

Buckeye Union High School

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

$234,000$286,000$260,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$903
Property Tax -$167
Property Insurance -$59
HOA -$23
Property Management Fees -$99
CASH FLOW
$229

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.

$260,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.9%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$37,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,475

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4503$1,4504$1,4805$1,550
$1,550
RENT COMPS ANALYSIS
  • 7320 S Morning Dew Lane Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.90
    •  
  • 7348 S Morning Dew Lane Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2005
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 25405 W Park Avenue Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2014
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 25377 W Park Avenue Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 2014
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 25795 W Satellite Lane Buckeye, AZ 5
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2005
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
PROPERTY LISTING DETAILS
Danielle Nunez
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190190
Last Updated: 02/06/2021
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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