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30510 W Lynwood Street Buckeye, AZ 85396

4 Beds 2 Baths 1,494 sqft Built 2020

$380,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $254.35
  • 3 Days on Market
  • MLS # : 6176269
  • Updated Date : 01/01/2021 at 23:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,494 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Brand new home, Built in 2020!!! No need to search any longer. Over an acre of land with nobody behind. NO HOA, Home is placed on one side of the lot, so PLENTY of space to build your dream workshop, horse stall, casita and more than enough space for all your toys!!! Open and split floor plan with 4 bedrooms. Beautiful plank TILE through out the entire home, no carpet here!! Huge master bedroom with large walk-in closet. Beautiful bathrooms with Square Sinks, Tiled Showers and white cabinets. Now this is kitchen you'll enjoy cooking in and be proud to show off , Modern and beautiful Quartz counter tops, White Cabinets, Stainless Steel Appliances and Chimney vent hood. Back yard faces North (no neighbors behind) with covered patio is perfect to enjoy the relaxing AZ sunsets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Phoenix Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k276k

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

Neighborhood: West Phoenix Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8471567

* 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
Palo Verde Elementary School Primary Regular 454 24 6
Palo Verde Elementary School Middle Regular 454 24 6
Buckeye Union High School High Regular 1,373 62 4

Palo Verde Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 24
6
GreatSchools Rating

Palo Verde Elementary School

  • Education Level: Middle
  • # of students: 454
  • # of teachers: 24
6
GreatSchools Rating

Buckeye Union High School

  • Education Level: High
  • # of students: 1,373
  • # of teachers: 62
4
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,402
Property Tax -$226
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$233

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.

$380,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$102,700

INVESTMENT

$102,700

Down Payment
$95,000
Rehab Estimate
$2,000
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$9,370

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
  • $1,501

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,5004$1,6495$1,850
$1,850
RENT COMPS ANALYSIS
  • 30510 W Lynwood Street Buckeye, AZ 1
    • 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,494 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 30365 W Catalina Drive Buckeye, AZ 2
    • 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
    •  
  • 31028 W Cheery Lynn Road Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2020
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 3227 N 302nd Court Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2006
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.99
    •  
  • 30330 W Latham Street Buckeye, AZ 5
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2006
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
PROPERTY LISTING DETAILS
Adriana Jimenez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176269
Last Updated: 01/01/2021
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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