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3504 N 308th Drive Buckeye, AZ 85396

4 Beds 3 Baths 2,458 sqft Built 2021

$409,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $166.76
  • 2 Days on Market
  • MLS # : 6263496
  • Updated Date : 07/12/2021 at 21:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,458 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

BRAND NEW NEVER LIVED IN DR HORTON HOME two-story property in Tartesso! Enter into an open floor plan with warm palette, handsome tile floors, window blinds, plenty of natural light, and direct access to the backyard. Great for welcoming guests. Cook your favorite dishes in the kitchen equipped with stainless steel appliances, ample cabinetry, granite counters, and a center island with breakfast bar. This property also offers a loft area with endless possibilities, indoor laundry, and 4 comfortable bedrooms with plush carpet. The main bedroom boasts a private ensuite with dual sinks and walk-in closet. Enjoy and gather in the spacious backyard with a cozy covered patio and lots of landscape potential.

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
Tonopah Valley High School High Regular 378 19 2

Tonopah Valley High School

  • Education Level: High
  • # of students: 378
  • # of teachers: 19
2
GreatSchools Rating
 

$368,910$450,890$409,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,424
Property Tax -$278
Property Insurance -$75
HOA -$84
Property Management Fees -$99
CASH FLOW
-$330

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.

$409,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.40%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,624

INVESTMENT

$110,624

Down Payment
$102,475
Rehab Estimate
$2,000
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,222

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
  • $1,911

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5453$1,6454$2,1005$2,350
$2,350
RENT COMPS ANALYSIS
  • 3504 N 308th Drive Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 30915 W Amelia Avenue Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2019
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.68
    •  
  • 29654 W Weldon Avenue Buckeye, AZ 3
    • 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 2006
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.69
    •  
  • 3681 N 307th Drive Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2021
    LEASED 04/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 3702 N 307th Drive Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2021
    LEASED 05/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.92
    •  
PROPERTY LISTING DETAILS
Terrah Lund
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263496
Last Updated: 07/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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