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30098 W Fairmount Avenue Buckeye, AZ 85396

4 Beds 3 Baths 2,684 sqft Built 2019

$339,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $126.64
  • 3 Days on Market
  • MLS # : 6181134
  • Updated Date : 01/15/2021 at 17:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,684 sqft
  • Baths : 3 full
Listing Agent

Cramer & Associates R.e.

Listing Agent's Description

Stunning almost new DR Horton home on premium (no rear neighbor) view lot. Looks out onto White Tanks, Vulture Peaks & Belmonts. Wonderful Onyx floorplan has 4Bedrooms & Den/living Room. 2nd master suite w/ full bathroom. Open Great room. Awesome kitchen has white, tiered shaker cabinets & crown molding, large island, granite countertops & stainless appliances. Gorgeous wood plank tile everywhere except the bedrooms. Formal Dining. Monster sized split master bedroom w/ separate shower & tub and huge walk-in closet. Over $3,500 in custom built-in cabinets & epoxy floors in garage. Located just a block from park & playground & also close to Tartesso Community park.

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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,181
Property Tax -$231
Property Insurance -$79
HOA -$84
Property Management Fees -$99
CASH FLOW
$86

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.

$339,900

PROJECTED PRICE

$1,760

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% 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 $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$26,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,610

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5993$1,6454$1,6505$1,760
$1,760
RENT COMPS ANALYSIS
  • 30098 W Fairmount Avenue Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.66
    •  
  • 3771 N 295th Avenue Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2007
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.53
    •  
  • 29946 W Avalon Drive Buckeye, AZ 2
    • 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 2007
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.53
    •  
  • 29654 W Weldon Avenue Buckeye, AZ 3
    • 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 2006
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.69
    •  
  • 30347 W Whitton Avenue Buckeye, AZ 4
    • 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.65
    •  
PROPERTY LISTING DETAILS
Tommy P Cramer
Cramer & Associates R.e.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181134
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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