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2346 N Park Meadows Drive Buckeye, AZ 85396

5 Beds 5 Baths 3,700 sqft Built 2014

$679,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $183.51
  • 1 Days on Market
  • MLS # : 6200285
  • Updated Date : 02/28/2021 at 03:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,700 sqft
  • Baths : 4 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Enjoy panoramic mountain and sunset views from your own backyard! This large backyard offers a sparkling pool with water feature, plenty of patio space, a view fence, and fire pit! Highly desirable, large corner lot that also backs up to a wash. Inside of this 5 bedroom, 4.5 bath home, you'll find ample space for all of your needs. Downstairs offers dual living rooms, a formal dining area, and open kitchen with granite countertops, staggered espresso cabinets, and additional seating at an oversized kitchen island. Upstairs, you'll find 3 additional bedrooms, each with a full bathroom attached, as well as a LARGE bonus room to let your imagination run wild with possibilities! Master bath features large soaking tub, oversized shower, dual sinks and dual closets. Home also features an

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $101k367k

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

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8631981

* 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
 

$611,100$746,900$679,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,358
Property Tax -$631
Property Insurance -$94
HOA -$113
Property Management Fees -$99
CASH FLOW
-$735

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.

$679,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,685

INVESTMENT

$185,685

Down Payment
$169,750
Rehab Estimate
$5,750
Closing Costs
$10,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,750
Loan Amount $509,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,726

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,5004$2,5955$2,995
$2,995
RENT COMPS ANALYSIS
  • 2346 N Park Meadows Drive Buckeye, AZ 1
    • 5 beds 5 baths ∙ 3,440 Sqft ∙ Built 2014 5 beds 5 baths ∙ 3,440 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20432 W Legend Trail Buckeye, AZ 2
    • 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
    •  
  • 20436 W Terrace Lane Buckeye, AZ 3
    • 5 beds 4 baths ∙ 3,107 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,107 Sqft ∙ Built 2007
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
  • 3484 N Park Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.82
    •  
  • 3727 N Springfield Street Buckeye, AZ 5
    • 5 beds 4 baths ∙ 3,615 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,615 Sqft ∙ Built 2005
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.83
    •  
PROPERTY LISTING DETAILS
Kari L Nelson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200285
Last Updated: 02/28/2021
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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