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29725 W Mitchell Avenue Buckeye, AZ 85396

4 Beds 2 Baths 1,906 sqft Built 2006

$340,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $178.38
  • 5 Days on Market
  • MLS # : 6195269
  • Updated Date : 02/17/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,906 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Stunning 4 bd 2 bth Single story home with Pool. Property has leased solar with net metering. Inside you will find vaulted ceilings, an updated kitchen with open concept family rm. Master bed rm and other 3 bed rms are very spacious!! Front yard has great curb appeal with mature trees and landscaping. 2 car garage. Back yard is an OASIS!! Covered patio, pool with waterfall, mature trees and NO neighbors behind, lots of privacy!!Tartesso offers hiking trails, access to the desert, baseball, basketball, soccer and tennis along with 2 amazing splash pad water feature areas, public bbqs and ramadas. A+ rated schools! Farmers market on the weekends along with many food trucks that frequent the community in the evenings and weekends. Awesome property in highly desired community! WONT LAST

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,181
Property Tax -$231
Property Insurance -$64
HOA -$84
Property Management Fees -$99
CASH FLOW
-$129

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.

$340,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,562

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
  • $1,587

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6004$1,8005$1,825
$1,825
RENT COMPS ANALYSIS
  • 29725 W Mitchell Avenue Buckeye, AZ 1
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 29773 W Mitchell Avenue Buckeye, AZ 2
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 2006
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 29779 W Whitton Avenue Buckeye, AZ 3
    • 4 beds 2 baths ∙ 2,095 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,095 Sqft ∙ Built 2020
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 29421 W Mitchell Avenue Buckeye, AZ 4
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 29412 W Weldon Avenue Buckeye, AZ 5
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020
    property image
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.87
    •  
PROPERTY LISTING DETAILS
Robert A Morales
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195269
Last Updated: 02/17/2021
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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