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231 N 201st Avenue Buckeye, AZ 85326

5 Beds 5 Baths 3,131 sqft Built 2020

$450,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $143.72
  • 1 Days on Market
  • MLS # : 6262840
  • Updated Date : 07/13/2021 at 18:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,131 sqft
  • Baths : 4 full , 1 half
Listing Agent

New Start Realty And Relocation

Listing Agent's Description

Beautiful almost BRAND NEW Home featuring countless upgrades! 9' ceilings,wood-look vinyl floors, large island with granite in the kitchen. Stainless steel appliances including the refrigerator. Dark colored cabinets with crown molding. Energy-efficient features: Low-E Dual Pane windows with vinyl frames,programmable thermostat,gas water heater,gas range.

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
Youngker High School High Regular 1,580 67 3

Youngker High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,563
Property Tax -$305
Property Insurance -$88
HOA -$68
Property Management Fees -$99
CASH FLOW
$127

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.50%

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) 3.00%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$121,250

INVESTMENT

$121,250

Down Payment
$112,500
Rehab Estimate
$2,000
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$39,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,202

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$2,2503$2,4504$2,495
$2,495
RENT COMPS ANALYSIS
  • 231 N 201st Avenue Buckeye, AZ 2
    • 5 beds 5 baths ∙ 3,131 Sqft ∙ Built 2020 5 beds 5 baths ∙ 3,131 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.72
    •  
  • 22064 W Moonlight Path Buckeye, AZ 1
    • 5 beds 3 baths ∙ 3,061 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,061 Sqft ∙ Built 2006
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.52
    •  
  • 20432 W Legend Trail Buckeye, AZ 3
    • 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.72
    •  
  • 20923 W Thomas Road Buckeye, AZ 4
    • 5 beds 4 baths ∙ 2,882 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,882 Sqft ∙ Built 2013
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.87
    •  
PROPERTY LISTING DETAILS
Robin Summers
New Start Realty And Relocation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6262840
Last Updated: 07/13/2021
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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