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1735 N 209th Avenue Buckeye, AZ 85396

3 Beds 3 Baths 1,900 sqft Built 2018

$324,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $171.00
  • 3 Days on Market
  • MLS # : 6193698
  • Updated Date : 02/13/2021 at 01:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Elite

Listing Agent's Description

Check out this dreamy 3 bed, 2.5 bath property in the highly desired Verrado Community! This home provides great curb appeal and a front porch perfect for enjoying our beautiful Arizona weather! Step inside to find a neutral color palette throughout the entire house. Kitchen offers high-end appliances, gas range, centered island w/breakfast bar, beautiful pendant lighting, granite counter-tops, large pantry, and much more. Master bedroom comes with a wide double-door entry and a lavish en-suite with large walk-in closet. This perfect home is complete with a 2 car garage and out back you have a paver patio with gorgeous mountain views and so much potential to make it your own! Call to schedule a showing 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
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
 

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

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,129
Property Tax -$302
Property Insurance -$64
HOA -$133
Property Management Fees -$99
CASH FLOW
-$96

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

$1,630

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,800

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6304$1,8005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1735 N 209th Avenue Buckeye, AZ 3
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $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
    property image
    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
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $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
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 1732 N Marketside Avenue Buckeye, AZ 5
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2018
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.07
    •  
PROPERTY LISTING DETAILS
Brett Drefs
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193698
Last Updated: 02/13/2021
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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