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1717 N 208th Avenue Buckeye, AZ 85396

3 Beds 3 Baths 1,900 sqft Built 2018

$368,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $193.68
  • 3 Days on Market
  • MLS # : 6209114
  • Updated Date : 03/26/2021 at 07:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

HOME IS IN EXCELLENT CONDITION ,WHITE KITCHEN CABINETS,TILE FLOORING,GRANITE COUNTERTOPS,DOUBLE SINKS IN MASTER,BEAUTIFUL LIGHT GREY BACKSPLASH IN KITCHEN APPLIANCES ARE OPTIONAL WITH THE PURCHASE ,DOES HAVE A LOFT UPSTAIRS.HOME IS READY MOVE IN CONDITION,

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 High School High Regular 1,855 74 4

Verrado High School

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

$331,200$404,800$368,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,278
Property Tax -$342
Property Insurance -$64
HOA -$113
Property Management Fees -$99
CASH FLOW
-$196

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.

$368,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.46%

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$200k$400k$600k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,270

INVESTMENT

$103,270

Down Payment
$92,000
Rehab Estimate
$5,750
Closing Costs
$5,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,278

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,000
Loan Amount $276,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,739

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,891

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,665
1$1,6652$1,7003$1,8004$2,0005$2,099
$2,099
RENT COMPS ANALYSIS
  • 1717 N 208th Avenue Buckeye, AZ 2
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 2500 N Stone Hill Road Buckeye, AZ 1
    • 4 beds 3 baths ∙ 1,791 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,791 Sqft ∙ Built 2019
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.93
    •  
  • 1704 N 208th Avenue Buckeye, AZ 3
    • 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
    •  
  • 1732 N Marketside Avenue Buckeye, AZ 4
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2018
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.07
    •  
  • 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
Viviana Luera
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209114
Last Updated: 03/26/2021
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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