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1681 N 212th Avenue Buckeye, AZ 85396

3 Beds 2 Baths 1,550 sqft Built 2018

$280,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $180.65
  • 8 Days on Market
  • MLS # : 6157937
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,550 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Awesome corner lot home located in the Sienna hills neighborhood! Step inside to see a warm and inviting great room floor plan with tons of natural light. Open concept kitchen is equipped with granite counters, stainless steel appliances, island w/breakfast bar, white cabinets, tile back-splash, and pantry. The main bedroom is split and has its master bath boasting walk-in closet & double sinks. Serene backyard features covered patio, synthetic grass area, and ramada. Let's not forget about the RV gate and the 2 car garage plus slab driveway for all your trucks and toys! Make an offer today!

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
Tartesso Elementary School Primary Regular 377 6
Tartesso Elementary School Middle Regular 377 6
Tonopah Valley High School High Regular 378 19 2

Tartesso Elementary School

  • Education Level: Primary
  • # of students: 377
  • # of teachers:
6
GreatSchools Rating

Tartesso Elementary School

  • Education Level: Middle
  • # of students: 377
  • # of teachers:
6
GreatSchools Rating

Tonopah Valley High School

  • Education Level: High
  • # of students: 378
  • # of teachers: 19
2
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,033
Property Tax -$218
Property Insurance -$57
HOA -$91
Property Management Fees -$99
CASH FLOW
$171

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.

$280,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.60%

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$900k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$37,331

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6703$1,7504$1,7955$1,950
$1,950
RENT COMPS ANALYSIS
  • 1681 N 212th Avenue Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.08
    •  
  • 21385 W Monte Vista Road Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2018
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.14
    •  
  • 21166 W Monte Vista Road Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2020
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
  • 21038 W Almeria Road Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2018
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.12
    •  
  • 21144 W Cypress Street Buckeye, AZ 5
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.10
    •  
PROPERTY LISTING DETAILS
Bernadette Barba
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157937
Last Updated: 11/13/2020
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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