Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2378 N Valley View Drive Buckeye, AZ 85396

3 Beds 3 Baths 2,327 sqft Built 2013

$395,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $169.75
  • 3 Days on Market
  • MLS # : 6184722
  • Updated Date : 01/23/2021 at 23:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,327 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

*SOLAR* Charming 3 bed, +Den, 2 bath home, with a rear entry garage in the exceptional community of Verrado. Beautiful wood & tile floors throughout. Open concept living. Large sliders at the dining area open to the patio. Powder room downstairs. The kitchen has custom cabinets, granite counters, large island, gas cooktop, microwave, wall mount double ovens, and a pantry. Carpet in secondary bedrooms. The large primary bedroom has a sitting area, exercise area, full bath, and a walk-in closet. Laundry is upstairs. The backyard has a ramada covered patio, extended brick paver patio, and synthetic lawn area for the kids & pets to plays! Close to schools, community parks, and the I-10. make this your new home today!

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 Heritage Elementary School Primary Regular NA
Verrado Heritage Elementary School Middle Regular NA
Verrado High School High Regular 1,855 74 4

Verrado Heritage Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado Heritage Elementary School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,372
Property Tax -$367
Property Insurance -$73
HOA -$113
Property Management Fees -$99
CASH FLOW
-$133

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.

$395,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.48%

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

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,902

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$1,8904$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 2378 N Valley View Drive Buckeye, AZ 3
    • 3 beds 3 baths ∙ 2,327 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,327 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.81
    •  
  • 20887 W Maiden Lane Buckeye, AZ 1
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2016
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 2664 N Heritage Street Buckeye, AZ 2
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2014
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 2368 N Valley View Drive Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2013
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 2419 N Riley Road Buckeye, AZ 5
    • 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 2012
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Carri Pecorella
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184722
Last Updated: 01/23/2021
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.

BESbswy