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29980 W Monterey Drive Buckeye, AZ 85396

3 Beds 2 Baths 1,454 sqft Built 2018

$265,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $182.26
  • 2 Days on Market
  • MLS # : 6184958
  • Updated Date : 01/23/2021 at 16:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

PERFECT 3 bed/2 bath home in the highly desired Buckeye, Arizona master planned community of Tartesso! Kitchen includes Granite countertops, GORGEOUS Expresso colored cabinets, and stainless steel appliances! This split floor plan has tile in all of the right places, two tone interior paint and faux wood blinds throughout! Tartesso has it all, A-rated schools, splash pads, sand volleyball, lighted tennis courts, walking trails, and basketball courts. COME SEE THIS HOME TODAY!!

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$920
Property Tax -$180
Property Insurance -$56
HOA -$85
Property Management Fees -$99
CASH FLOW
$110

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.

$265,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$24,262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,549

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,5504$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 29980 W Monterey Drive Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
  • 30365 W Catalina Drive Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,297 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,297 Sqft ∙ Built 2008
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.08
    •  
  • 29940 W Monterey Drive Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2018
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 30622 W Picadilly Court Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2019
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 30707 W Fairmount Avenue Buckeye, AZ 5
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2020
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.09
    •  
PROPERTY LISTING DETAILS
James Kramer
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184958
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.

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