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29240 W Weldon Avenue Buckeye, AZ 85396

4 Beds 3 Baths 2,229 sqft Built 2007

$300,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $134.59
  • 3 Days on Market
  • MLS # : 6181303
  • Updated Date : 01/15/2021 at 19:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,229 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Your perfect home in the Tartesso Subdivision of Buckeye has arrived!! Beautiful 4 Bedroom 2.5 bathroom home has so much to offer. Unique features of the home include a massive loft, master bedroom balcony w/retractable screen-door and finished backyard with pavers, artificial grass, a fire pit and extended patio.Sunscreens were added in 2020. Upstairs&stair carpet was replaced in 2018.There is flooring in the attic for easy, extra storage access.Dishwasher, water heater and all smoke alarms have recently been replaced.Dryer vent and air ducts have all been cleaned out and the large upstairs loft is pre-wired for speakers.Security cameras stay with the home and there is a solar lease on the home giving you great savings. Take a look at the walk-thru video.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tartesso

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k278k

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

Neighborhood: Tartesso

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Tartesso Elementary School Primary Regular 377 6
Tartesso Elementary School Middle Regular 377 6
Tonopah Valley High School High Regular 378 19 2

Tartesso Elementary School

  • Education Level: Primary
  • # of students: 377
  • # of teachers:
6
GreatSchools Rating

Tartesso Elementary School

  • Education Level: Middle
  • # of students: 377
  • # of teachers:
6
GreatSchools Rating

Tonopah Valley High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,042
Property Tax -$204
Property Insurance -$71
HOA -$84
Property Management Fees -$99
CASH FLOW
$431

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.

$300,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

12.42

YEARS SAVED

$58,677

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,934

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8254$1,9305$1,995
$1,995
RENT COMPS ANALYSIS
  • 29240 W Weldon Avenue Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.87
    •  
  • 3771 N 293rd Drive Buckeye, AZ 1
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 29421 W Mitchell Avenue Buckeye, AZ 2
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 29412 W Weldon Avenue Buckeye, AZ 3
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.87
    •  
  • 3713 N 292nd Lane Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2007
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
PROPERTY LISTING DETAILS
Carmen Lance
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181303
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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