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1646 N 208th Avenue Buckeye, AZ 85396

3 Beds 2 Baths 1,877 sqft Built 2019

$315,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $167.82
  • 3 Days on Market
  • MLS # : 6163048
  • Updated Date : 11/20/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,877 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Look no further! You've found the home you longed for! Located in Buckeye, this 3 bed, 2 bath property boasts low maintenance front landscaping along with a 2 car garage rear entry garage and much, much more! Inside you will find an open floor plan, a cozy loft, and designer paint throughout. The fabulous kitchen is equipped with everything you need for home cooking, ample cabinetry, a pantry, granite countertops, stainless steel appliances, and a lovely breakfast bar. The beautiful master bedroom features a spacious walk-in closet and a private bath with double sinks, ideal for couples. Also including a cozy backyard patio perfect for kicking back and relaxing after a hard day's work, this home simply has it all! Schedule a showing before it's gone!

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,162
Property Tax -$293
Property Insurance -$64
HOA -$133
Property Management Fees -$99
CASH FLOW
-$10

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.55%

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) 3.00%
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-$2.0k$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$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,475

INVESTMENT

$85,475

Down Payment
$78,750
Rehab Estimate
$2,000
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,314

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7003$1,7404$1,8005$2,099
$2,099
RENT COMPS ANALYSIS
  • 1646 N 208th Avenue Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.93
    •  
  • 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
    •  
  • 2296 N Alsap Road Buckeye, AZ 2
    • 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 4
    • 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
    •  
  • 20521 W Carlton Manor -- Buckeye, AZ 5
    • 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 2014
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.02
    •  
PROPERTY LISTING DETAILS
Amber Pennell
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163048
Last Updated: 11/20/2020
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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