Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

30852 W Columbus Avenue Buckeye, AZ 85396

4 Beds 3 Baths 2,558 sqft Built 2020

INVESTimate

$300,990

List Price

$1,550

$1,395 - $1,705

Rent Est.

$334,641  ( +11.18%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $117.67
  • 6 Days on Market
  • MLS # : 6120919
  • Updated Date : 08/21/2020 at 15:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,558 sqft
  • Baths : 3 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/Loft/3bath/3 car garage we do model this one!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.

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
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
 

$270,891$331,089$300,990

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,111
Property Tax -$204
Property Insurance -$77
HOA -$85
Property Management Fees -$99
CASH FLOW
-$26

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.

$300,990

PROJECTED PRICE

$1,550

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,762

INVESTMENT

$81,762

Down Payment
$75,248
Rehab Estimate
$2,000
Closing Costs
$4,515

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,248
Loan Amount $225,743
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5453$1,5504$1,5505$1,699
$1,699
RENT COMPS ANALYSIS
  • 30852 W Columbus Avenue Buckeye, 4
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.61
    •  
  • 29654 W Weldon Avenue Buckeye, 1
    • 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 2006
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.61
    •  
  • 30915 W Amelia Avenue Buckeye, 2
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2019
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.68
    •  
  • 3650 N 306 Lane Buckeye, 3
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2017
    property image
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.58
    •  
  • 30347 W Whitton Avenue Buckeye, 5
    • 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.67
    •  
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 #: 6120919
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.

BESbswy