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30540 W Fairmount Avenue Buckeye, AZ 85396

4 Beds 3 Baths 2,425 sqft Built 2019

$390,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $160.82
  • 1 Days on Market
  • MLS # : 6263581
  • Updated Date : 07/13/2021 at 00:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,425 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Welcome home to Tartesso and to this highly sought after Pearl floorplan! With its open concept kitchen/livingroom it's perfect for entertaining and even has a formal dining space. The kitchen is stunning with high contrast granite counters, stainless steel appliances - including a gas stove and huge single bowl sink in the island. Wow your guests with the double sliding glass doors off the living room that create the perfect indoor/outdoor experience! Once you enter the private master suite, you will discover a full en suite bathroom with soaker tub, dual sinks, and a sizeable master closet. Top it off with solar to lower your monthly bills and handy RV gate access to the backyard!

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
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,355
Property Tax -$265
Property Insurance -$74
HOA -$84
Property Management Fees -$99
CASH FLOW
-$157

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.

$390,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.44%

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-$4.0k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,958

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7204$1,8005$2,100
$2,100
RENT COMPS ANALYSIS
  • 30540 W Fairmount Avenue Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.71
    •  
  • 29779 W Whitton Avenue Buckeye, AZ 1
    • 4 beds 2 baths ∙ 2,095 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,095 Sqft ∙ Built 2020
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 3771 N 293rd Drive Buckeye, AZ 2
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 29421 W Mitchell Avenue Buckeye, AZ 4
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2020
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 3681 N 307th Drive Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2021
    LEASED 04/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
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 #: 6263581
Last Updated: 07/13/2021
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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