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30852 W Mitchell Drive Buckeye, AZ 85396

4 Beds 3 Baths 2,024 sqft Built 2020

INVESTimate

$263,990

List Price

$1,510

$1,359 - $1,661

Rent Est.

$293,504  ( +11.18%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $130.43
  • 6 Days on Market
  • MLS # : 6120767
  • Updated Date : 08/21/2020 at 16:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,024 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/3bath/den/2.5 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
 

$237,591$290,389$263,990

PURCHASE PRICE

$1,359$1,661$1,510

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 $1,510
EXPENSES Loan Payment -$974
Property Tax -$179
Property Insurance -$67
HOA -$84
Property Management Fees -$99
CASH FLOW
$107

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.

$263,990

PROJECTED PRICE

$1,510

PROJECTED RENT

0.57%

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$71,957

INVESTMENT

$71,957

Down Payment
$65,998
Rehab Estimate
$2,000
Closing Costs
$3,960

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,998
Loan Amount $197,993
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$29,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,579

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,3954$1,4505$1,510
$1,510
RENT COMPS ANALYSIS
  • 30852 W Mitchell Drive Buckeye, 5
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.75
    •  
  • 30163 W Avalon Drive Buckeye, 1
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 2018
    property image
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 30187 W Avalon Drive Buckeye, 2
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 2018
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 31043 W Mitchell Drive Buckeye, 3
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2020
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 30926 W Fairmount Avenue Buckeye, 4
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
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 #: 6120767
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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