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1967 N 214th Lane Buckeye, AZ 85396

4 Beds 3 Baths 2,908 sqft Built 2018

$389,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $134.08
  • 3 Days on Market
  • MLS # : 6187479
  • Updated Date : 01/29/2021 at 23:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,908 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This beautiful 4 bedroom plus an office home is located in the highly desirable community of Sienna Hills. It boasts beautiful and unobstructed mountain views from the front yard. Upon entrance, you will be greeted by a two story foyer and a very open floor plan. The kitchen includes beautiful granite countertops, espresso colored cabinets and stainless steel appliances. Gorgeous wood shutters throughout 1st floor and Master Bedroom, plus an RV gate, 3 car tandem and a professionally-finished, low-maintenance backyard. This community features a community pool, clubhouse/recreational center, a gym and plenty of parks. Do not miss out this will go fast!!

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
Tonopah Valley High School High Regular 378 19 2

Tonopah Valley High School

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

$350,910$428,890$389,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,354
Property Tax -$300
Property Insurance -$84
HOA -$91
Property Management Fees -$99
CASH FLOW
-$18

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.

$389,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.49%

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$1.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$20,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,130

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9103$2,0004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 1967 N 214th Lane Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.66
    •  
  • 2247 N Riley Road Buckeye, AZ 1
    • 4 beds 4 baths ∙ 2,955 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,955 Sqft ∙ Built 2017
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.63
    •  
  • 3190 N Evergreen Street Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,861 Sqft ∙ Built 2013
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
  • 2849 N Heritage Street Buckeye, AZ 4
    • 4 beds 4 baths ∙ 2,975 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,975 Sqft ∙ Built 2008
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.74
    •  
  • 20938 W Berkeley Road Buckeye, AZ 5
    • 5 beds 3 baths ∙ 2,685 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,685 Sqft ∙ Built 2020
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
Arcelia Chaidez
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187479
Last Updated: 01/29/2021
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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