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1819 S 230th Avenue Buckeye, AZ 85326

7 Beds 4 Baths 3,784 sqft Built 2005

$375,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $99.10
  • 4 Days on Market
  • MLS # : 6156561
  • Updated Date : 11/05/2020 at 17:23
CONSTRUCTION
  • Beds : 7
  • Floor Size : 3,784 sqft
  • Baths : 4 full
Listing Agent

Realty Executives

Listing Agent's Description

Welcome home to this spacious 7 bedroom, 4 bath home. This home features tile flooring in all the down stairs living areas. Spacious open kitchen features stainless appliances, granite countertops with an island and pantry and flows to the spacious family room. One bedroom and bath downstairs for your guest or in-laws. Upstairs the main bedroom suite is spacious with walk in closet and bath with large walk-in shower and double vanities. also the other 5 bedrooms, 2 baths and a loft for family living. Large backyard features paver patio, gazebo and patio furniture, fire pit and chairs and rock landscaping, a swimming pool and side yard great for entertaining. Laundry in downstairs. 3 car garage for all your toys

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8011567

* 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
Inca Elementary School Primary Regular 740 37 3
Inca Elementary School Middle Regular 740 37 3
Youngker High School High Regular 1,580 67 3

Inca Elementary School

  • Education Level: Primary
  • # of students: 740
  • # of teachers: 37
3
GreatSchools Rating

Inca Elementary School

  • Education Level: Middle
  • # of students: 740
  • # of teachers: 37
3
GreatSchools Rating

Youngker High School

  • Education Level: High
  • # of students: 1,580
  • # of teachers: 67
3
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,384
Property Tax -$305
Property Insurance -$101
HOA -$15
Property Management Fees -$99
CASH FLOW
-$34

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$22,330

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.49

    LIST RENT PER SQFT
  • $2,100

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8703$2,400
$2,400
RENT COMPS ANALYSIS
  • 1819 S 230th Avenue Buckeye, AZ 2
    • 7 beds 4 baths ∙ 3,784 Sqft ∙ Built 2005 7 beds 4 baths ∙ 3,784 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.49
    •  
  • 23418 W Hopi Street Buckeye, AZ 1
    • 7 beds 4 baths ∙ 3,784 Sqft ∙ Built 2006 7 beds 4 baths ∙ 3,784 Sqft ∙ Built 2006
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.48
    •  
  • 1815 S Hilton Avenue Buckeye, AZ 3
    • 7 beds 4 baths ∙ 3,784 Sqft ∙ Built 2005 7 beds 4 baths ∙ 3,784 Sqft ∙ Built 2005
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.63
    •  
PROPERTY LISTING DETAILS
Denise Johnson
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156561
Last Updated: 11/05/2020
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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