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3018 N Beverly Place Buckeye, AZ 85396

4 Beds 3 Baths 2,601 sqft Built 2019

$509,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $196.04
  • 3 Days on Market
  • MLS # : 6193315
  • Updated Date : 02/13/2021 at 02:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,601 sqft
  • Baths : 2 full , 1 half
Listing Agent

Schmadeke Realty, Llc

Listing Agent's Description

Immaculate and well cared for home directly across from lush green park. Home features a double car garage, 4 large bedrooms, 2.5 baths, open den/office & oversized great room with upgraded kitchen and dining area. Large walk-in pantry, stunning backsplash, upgraded cabinets and large kitchen island is perfect for entertaining. Wood tile in all the right places along with 4'' plantation shutters installed on all windows. Low maintenance backyard is fully landscaped and ready for immediate enjoyment. Large synthetic turf area with extended paver patio. Professionally installed exterior sun screens, Nest thermostats, water softener system, extended front driveway, security system, 8.4KW solar system and much more. Available for tours after Feb 22nd.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $101k367k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Verrado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8631981

* 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
Verrado High School High Regular 1,855 74 4

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$458,910$560,890$509,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,771
Property Tax -$474
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
-$498

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.

$509,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$10k-$5.0k$0.0$5.0k$10k

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$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,422

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,045

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8253$1,9204$2,0755$2,395
$2,395
RENT COMPS ANALYSIS
  • 3018 N Beverly Place Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.80
    •  
  • 2664 N Heritage Street Buckeye, AZ 1
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2014
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 20878 W Hamilton Street Buckeye, AZ 2
    • 3 beds 3 baths ∙ 2,219 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,219 Sqft ∙ Built 2008
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.82
    •  
  • 2903 N Clanton Street Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 2017
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.83
    •  
  • 3511 N Carlton Street Buckeye, AZ 5
    • 3 beds 3 baths ∙ 2,548 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,548 Sqft ∙ Built 2017
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jonathan Schmadeke
Schmadeke Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193315
Last Updated: 02/13/2021
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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