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3051 N 309th Drive Buckeye, AZ 85396

4 Beds 3 Baths 2,024 sqft Built 2021

$320,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $158.10
  • 2 Days on Market
  • MLS # : 6187676
  • Updated Date : 01/31/2021 at 00:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,024 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Brand New Home for Sale!!! This home was just completed at the beginning of 2021 and has never been lived in.It sits on the largest lot in Tartesso at 17,759 sqr ft. It has a 2.5 car garage and 4 Bedrooms with 3 full bathrooms. There's an extra living area that can be used as a dining room or office/zoom school room. Large open kitchen with plenty of cabinet space, large island and granite counter tops. Home also comes with all brand new appliances including the washer/dryer/fridge. Also included is smart home technology and Taex built in pest control system.The backyard has gorgeous views of the White Tank Mountains and is backed up to a wash with no neighbors behind you.Professional pictures and a walk thru video will be up on Tuesday. Come check out this beauty 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
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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,111
Property Tax -$217
Property Insurance -$67
HOA -$84
Property Management Fees -$99
CASH FLOW
$52

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$320,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.51%

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) 3.00%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$86,800

INVESTMENT

$86,800

Down Payment
$80,000
Rehab Estimate
$2,000
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$21,984

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,872

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5953$1,6304$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 3051 N 309th Drive Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.81
    •  
  • 31043 W Mitchell Drive Buckeye, AZ 1
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2020
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 3701 N 309th Drive Buckeye, AZ 2
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 31044 W Osborn Road Buckeye, AZ 4
    • 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2020
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 3112 N 310th Lane Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 2020
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
PROPERTY LISTING DETAILS
Carmen Lance
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187676
Last Updated: 01/31/2021
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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