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30203 W Fairmount Avenue Buckeye, AZ 85396

4 Beds 3 Baths 2,579 sqft Built 2018

$354,500

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $137.46
  • 2 Days on Market
  • MLS # : 6203687
  • Updated Date : 03/06/2021 at 21:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,579 sqft
  • Baths : 3 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Lovely Large Practically New Home (2 yrs old) The home has an open floor concept. With 4beds/ 3bath plus a den great for home office or kids play room. Large kitchen with a large island that over looks the living room. Perfect for entertaining. The home features beautiful upgraded wood tile flooring through out main areas and granite counter tops in kitchen. The backyard green grass. Both side yards are finished with pavers and rock. Did I mention Washer/ Dryer and Frig included. Move in ready! This home has it all!

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
 

$319,050$389,950$354,500

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,231
Property Tax -$240
Property Insurance -$77
HOA -$84
Property Management Fees -$99
CASH FLOW
-$32

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.

$354,500

PROJECTED PRICE

$1,700

PROJECTED RENT

0.48%

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-$2.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,693

INVESTMENT

$99,693

Down Payment
$88,625
Rehab Estimate
$5,750
Closing Costs
$5,318

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,231

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,625
Loan Amount $265,875
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,894

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
  • $1,786

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5453$1,6454$1,6505$2,195
$2,195
RENT COMPS ANALYSIS
  • 30203 W Fairmount Avenue Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 30915 W Amelia Avenue Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2019
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.68
    •  
  • 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
    •  
  • 30444 W Celeborn Drive Buckeye, AZ 5
    • 5 beds 4 baths ∙ 2,909 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,909 Sqft ∙ Built 2018
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.75
    •  
PROPERTY LISTING DETAILS
Keri Oldenburg
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203687
Last Updated: 03/06/2021
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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