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30731 W Weldon Avenue Buckeye, AZ 85396

4 Beds 2 Baths 1,787 sqft Built 2020

INVESTimate

$259,130

List Price

$1,500

$1,350 - $1,650

Rent Est.

$288,101  ( +11.18%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $145.01
  • 6 Days on Market
  • MLS # : 6120783
  • Updated Date : 08/21/2020 at 13:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,787 sqft
  • Baths : 2 full
Listing Agent

Drh Properties Inc

Listing Agent's Description

BRAND NEW CONSTRUCTION this home will not be ready for another 6-8 months. Pictures are from a similar home. Photos are not of actual home upgrades may vary - 4 bed/2bath 3 car garage we have one on site to show.SMART HOME TECHNOLOGY INCLUDED - 9' Ceilings through out - Espresso Cabinets - 20 x 20 tile - Granite Countertops - Stainless Steel Appliances - GAS Range - Microwave and Dishwasher - Side by Side Refrigerator counter depth - Washer/ gas Dryer - 2'' Faux Blinds on windows - Upgraded carpet - Garage Door Opener - Pre-Wired for lights and re-in-forced for Ceiling Fans in all rooms - Taex Pest Control system - Garage Coach Lights - Brushed Nickel and Chrome hardware - Programmable Thermostat - Front AND Back Yard landscaping on a timer/drip system.

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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
Tartesso Elementary School Primary Regular 377 6
Tartesso Elementary School Middle Regular 377 6
Tonopah Valley High School High Regular 378 19 2

Tartesso Elementary School

  • Education Level: Primary
  • # of students: 377
  • # of teachers:
6
GreatSchools Rating

Tartesso Elementary School

  • Education Level: Middle
  • # of students: 377
  • # of teachers:
6
GreatSchools Rating

Tonopah Valley High School

  • Education Level: High
  • # of students: 378
  • # of teachers: 19
2
GreatSchools Rating
 

$233,217$285,043$259,130

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$956
Property Tax -$176
Property Insurance -$62
HOA -$84
Property Management Fees -$99
CASH FLOW
$123

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.

$259,130

PROJECTED PRICE

$1,500

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.18%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,669

INVESTMENT

$70,669

Down Payment
$64,783
Rehab Estimate
$2,000
Closing Costs
$3,887

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,783
Loan Amount $194,348
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$32,062

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
  • $1,595

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4504$1,4505$1,595
$1,595
RENT COMPS ANALYSIS
  • 30731 W Weldon Avenue Buckeye, 1
    • 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,787 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 30691 W Amelia Avenue Buckeye, 2
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2019
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 31018 W Columbus Avenue Buckeye, 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2019
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 30926 W Fairmount Avenue Buckeye, 4
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 3701 N 309th Drive Buckeye, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jan Citko
Drh Properties Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120783
Last Updated: 08/21/2020
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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