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31024 W Weldon Avenue Buckeye, AZ 85396

4 Beds 2 Baths 1,712 sqft Built 2019

$269,995

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $157.71
  • 5 Days on Market
  • MLS # : 6159074
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,712 sqft
  • Baths : 2 full
Listing Agent

Hunt Real Estate Era

Listing Agent's Description

This is the one! A gorgeous newer ''smart'' home in the highly sought after Community of Tartesso. With the spacious open floor plan you will notice the soothing color palette, recessed lighting, window blinds and French door to the patio. The kitchen has a large center kitchen island, granite counters, breakfast bar, SS appliances, pantry, beautiful tile floor, and handsome wood cabinetry. Custom made shower doors can be found in the bathrooms. Plush carpeting and ceiling fans finish off the bedrooms. This is the perfect home for entertaining, inside and out! The lovely backyard setting boasts a covered patio, synthetic turf courtyard, decorative stone with planters, & desert plants. This is an amazing home in an amazing community.

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
 

$242,996$296,995$269,995

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$996
Property Tax -$183
Property Insurance -$61
HOA -$84
Property Management Fees -$99
CASH FLOW
$37

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.

$269,995

PROJECTED PRICE

$1,460

PROJECTED RENT

0.54%

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) 3.00%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,549

INVESTMENT

$73,549

Down Payment
$67,499
Rehab Estimate
$2,000
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,499
Loan Amount $202,496
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$21,643

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
  • $1,455

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,3954$1,4505$1,595
$1,595
RENT COMPS ANALYSIS
  • 31024 W Weldon Avenue Buckeye, AZ 1
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 31043 W Mitchell Drive Buckeye, AZ 2
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2020
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 30999 W Picadilly Road Buckeye, AZ 3
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 30926 W Fairmount Avenue Buckeye, AZ 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, AZ 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
Heather Bennett
Hunt Real Estate Era
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159074
Last Updated: 11/13/2020
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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