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310 S 223rd Drive Buckeye, AZ 85326

4 Beds 2 Baths 1,831 sqft Built 2003

$315,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $172.04
  • 6 Days on Market
  • MLS # : 6173910
  • Updated Date : 12/22/2020 at 16:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,831 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this two story home on an oversized lot in Sundance! This home has been refreshed with new interior and exterior paint, new luxury vinyl plank flooring, and new carpet. The kitchen features ample cabinet and counter space and stainless steel appliances. Primary suite on the main floor for added privacy. The primary bedroom has an ensuite bathroom and a walk in closet. Three additional bedrooms, a full bathroom, and a large loft located on the second floor. The spacious backyard boasts a newly resurfaced pool with a water feature, RV gate, covered patio, and grass area. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8011567

* 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
Sundance Elementary School Primary Regular 813 37 3
Sundance Elementary School Middle Regular 813 37 3
Youngker High School High Regular 1,580 67 3

Sundance Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 37
3
GreatSchools Rating

Sundance Elementary School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 37
3
GreatSchools Rating

Youngker High School

  • Education Level: High
  • # of students: 1,580
  • # of teachers: 67
3
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,162
Property Tax -$257
Property Insurance -$63
HOA -$16
Property Management Fees -$99
CASH FLOW
-$127

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.

$315,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,178

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
  • $1,456

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3253$1,4004$1,4505$1,575
$1,575
RENT COMPS ANALYSIS
  • 310 S 223rd Drive Buckeye, AZ 1
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 233 S 223rd Avenue Buckeye, AZ 2
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2003
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.72
    •  
  • 182 S 222nd Avenue Buckeye, AZ 3
    • 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,726 Sqft ∙ Built 2004
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 28 N 225th Drive Buckeye, AZ 4
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 118 N 224th Lane Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.86
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173910
Last Updated: 12/22/2020
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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