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29682 W Amelia Avenue Buckeye, AZ 85396

4 Beds 3 Baths 2,552 sqft Built 2006

$385,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $150.86
  • 3 Days on Market
  • MLS # : 6206123
  • Updated Date : 03/19/2021 at 20:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,552 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

Welcome to this beautiful Hacienda (2x6 construction) home in Tartesso, it's first time on the market! This home has a perfect location backing to the desert and a gorgeous view of the White Tank Mountains and the lightening storms that roll across the desert! With 4 bedroom (1 downstairs) and 3 full baths, this is a perfect spot for a family who enjoys entertaining and the Large pool. This home boasts19' ceilings,a large LR and FR downstairs and a huge kitchen with island and two pantries. Upstairs are 2 bdrms and the Master with ensuite bath and walk in closet. The loft provides a great place to have coffee an observe the valley thru the many windows on the second floor. An oversized 3 car garage is a fav for the guys!

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,337
Property Tax -$261
Property Insurance -$77
HOA -$84
Property Management Fees -$99
CASH FLOW
-$188

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.

$385,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.43%

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-$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$8,371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,672

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6453$1,6504$1,6705$1,725
$1,725
RENT COMPS ANALYSIS
  • 29682 W Amelia Avenue Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,552 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.65
    •  
  • 30915 W Amelia Avenue Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2019
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.68
    •  
  • 29654 W Weldon Avenue Buckeye, AZ 2
    • 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 2006
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.69
    •  
  • 30347 W Whitton Avenue Buckeye, AZ 3
    • 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.65
    •  
  • 3022 N Lainey Lane Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2006
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.60
    •  
PROPERTY LISTING DETAILS
Kelly Dawn Williams
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206123
Last Updated: 03/19/2021
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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