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230 N 198th Drive Buckeye, AZ 85326

4 Beds 3 Baths 2,361 sqft Built 2017

$354,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $150.32
  • 3 Days on Market
  • MLS # : 6160354
  • Updated Date : 11/14/2020 at 12:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,361 sqft
  • Baths : 2 full , 1 half
Listing Agent

Asap Real Estate

Listing Agent's Description

Very charming and immaculately maintained two story 4 bed/2.5 bath Buckeye home available in Blue Horizons. Excellent community with beautiful parks, located just minutes from the I-10 and within easy reach of shopping and restaurants. Inside is sure to impress with formal living and dining areas, soaring ceilings, custom paint tones and plush carpet and tile flooring in all of the right places. Spacious family room opens to the kitchen complete with gas cooking, granite counters, a pantry and a breakfast bar. All bedrooms are upstairs for privacy. The master retreat includes a 3/4 ensuite with dual vanities and an oversize shower. Inviting backyard features a covered patio, a gazebo, pavers, and a sprawling grassy play area. This gem is a must see. Schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Blue Horizons

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $96k271k

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

Neighborhood: Blue Horizons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8181567

* 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
Liberty Elementary School Primary Regular 571 33 5
Liberty Elementary School Middle Regular 571 33 5
Youngker High School High Regular 1,580 67 3

Liberty Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 33
5
GreatSchools Rating

Liberty Elementary School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 33
5
GreatSchools Rating

Youngker High School

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

$319,410$390,390$354,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,309
Property Tax -$240
Property Insurance -$73
HOA -$81
Property Management Fees -$99
CASH FLOW
-$223

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.

$354,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.5%
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-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,799

INVESTMENT

$99,799

Down Payment
$88,725
Rehab Estimate
$5,750
Closing Costs
$5,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,309

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,725
Loan Amount $266,175
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,771

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,818

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5804$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 230 N 198th Drive Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.67
    •  
  • 19728 W Madison Street Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2019
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 226 N 199th Drive Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2018
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.66
    •  
  • 496 S 200th Avenue Buckeye, AZ 4
    • 4 beds 4 baths ∙ 2,650 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,650 Sqft ∙ Built 2020
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 19975 W Buchanan Street Buckeye, AZ 5
    • 4 beds 4 baths ∙ 2,650 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,650 Sqft ∙ Built 2020
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
PROPERTY LISTING DETAILS
Stephen Patterson
Asap Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160354
Last Updated: 11/14/2020
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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