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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $176.74
- 3 Days on Market
- MLS # : 6184366
- Updated Date : 01/22/2021 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,556 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Beautiful DR Horton Hummingbird model offers 3 bedrooms and 2 baths. Open, all-tile kitchen and great room, stainless steel appliances and side-by-side fridge. Designer finishes include raised panel doors, rich cabinets, ceramic tile, updated lighting fixtures and 3cm granite countertops. Front & Backyard landscaping is on a drip & designed for a low maintenance lifestyle. Master planned community features A+ rated elementary school, deluxe splash pads, sand volleyball, lighted tennis courts, walking trails, basketball courts,& baseball diamonds!
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PRICE & RENT TRENDS
Neighborhood: Tartesso
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tartesso
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$187 | |
| Property Insurance | -$58 | |
| HOA | -$84 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$18
|
||
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.
$275,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.5
YEARS SAVED
$16,392
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
-
$1,451
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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3112 N 303rd Drive Buckeye, AZ 1
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3193 N 302nd Avenue Buckeye, AZ 2
- 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2018
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,495
- $0.87
-
31028 W Cheery Lynn Road Buckeye, AZ 3
- 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2020
LEASED 07/19/20- Rent
- Rent Per SQFT
- $1,500
- $0.94
-
3701 N 309th Drive Buckeye, AZ 4
- 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
-
3227 N 302nd Court Buckeye, AZ 5
- 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 2006
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,649
- $0.99
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184366
Last Updated: 01/22/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
