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29341 W Mitchell Avenue Buckeye, AZ 85396

5 Beds 3 Baths 2,415 sqft Built 2006

$350,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $144.93
  • 4 Days on Market
  • MLS # : 6198829
  • Updated Date : 02/25/2021 at 22:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,415 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Check out this Fantastic home!! Located in the Tartesso Subdivision of Buckeye. 5 Bedrooms, 3 Bathrooms, no neighbors to the left of property or behind and located at the end of the cul-de-sac. This home is move in ready! The exterior of the home was painted just 1 month ago along with the entire upstairs and downstairs living room. Kitchen has beveled granite counter tops and tons of cabinet space. Upstairs is the large master bedroom with views for days along with 3 other bedrooms. The 5th bedroom is downstairs with a walk in closet and full bathroom within steps. There is new carpet upstairs and partially new flooring thru-out. 2 car garage with awesome attached cabinets.Backyard is the perfect blank slate with a fire-pit and electricity at the back wall.Check out 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
Tonopah Valley High School High Regular 378 19 2

Tonopah Valley High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,216
Property Tax -$237
Property Insurance -$74
HOA -$84
Property Management Fees -$99
CASH FLOW
$100

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.

$350,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.52%

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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$28,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,065

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8003$1,8104$1,8255$1,995
$1,995
RENT COMPS ANALYSIS
  • 29341 W Mitchell Avenue Buckeye, AZ 3
    • 5 beds 3 baths ∙ 2,415 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,415 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.75
    •  
  • 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 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 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 4
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020
    LEASED 02/06/21
    • 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 #: 6198829
Last Updated: 02/25/2021
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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