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1614 N Marketside Avenue Buckeye, AZ 85396

3 Beds 3 Baths 1,877 sqft Built 2018

$324,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $173.10
  • 2 Days on Market
  • MLS # : 6159265
  • Updated Date : 11/14/2020 at 05:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,877 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Here is your chance to live in the highly sought after Verrado Community. This 3 bedrooms and 2.5 bathroom home on a corner lot has a loft, extended side yard and upgraded 8x8 clear panel roller door for easy access to the outdoors. The kitchen features tall 42'' upper cabinets, granite counters, pendant lights, and soft close cabinets. The Master bedroom boasts dual walk-in closets, sliding barn doors, dual sinks, a dual rain and wall shower. Close proximity to the I-10 for convenient commuting.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sienna Hills

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $101k324k

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

Neighborhood: Sienna Hills

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8631734

* 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
Verrado Heritage Elementary School Primary Regular NA
Verrado Heritage Elementary School Middle Regular NA
Verrado High School High Regular 1,855 74 4

Verrado Heritage Elementary School

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

Verrado Heritage Elementary School

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

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,199
Property Tax -$302
Property Insurance -$64
HOA -$133
Property Management Fees -$99
CASH FLOW
-$186

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$324,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,077

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,694

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6104$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 1614 N Marketside Avenue Buckeye, AZ 3
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.86
    •  
  • 20978 W Coronado Road Buckeye, AZ 1
    • 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 2018
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 21214 W Palm Lane Buckeye, AZ 2
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 2018
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 2296 N Alsap Road Buckeye, AZ 4
    • 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2011
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 1704 N 208th Avenue Buckeye, AZ 5
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2018
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Dirk Fink
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159265
Last Updated: 11/14/2020
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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