Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3594 N 306th Lane Buckeye, AZ 85396

4 Beds 3 Baths 2,684 sqft Built 2017

$340,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $126.68
  • 8 Days on Market
  • MLS # : 6152652
  • Updated Date : 10/29/2020 at 09:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,684 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

This Onyx home features upgraded package giving you beautiful stained Smokey Dust cabinets throughout your new home. St. Cecilia White granite is featured in the Kitchen with Gallery Series Appliances and Bianca 6x24 in tile floors extended into the great room and hallways. 4 very spacious bedrooms and a nice size study. Guest bedroom is a suite with its own bathroom. Cabinets in oversized laundry room. Backyard offers artificial grass, brick extended patio, gas stub and so much more. Knowing privacy is the key there is no one behind you! Double gate has been added for easy access to the back or side yard. Come take advantage of this practically new home without the hassle of the build. Leased solar to save on utilities.

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,254
Property Tax -$231
Property Insurance -$79
HOA -$84
Property Management Fees -$99
CASH FLOW
-$128

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.

$340,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.48%

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) 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$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,327

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
  • $1,637

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5504$1,6505$1,725
$1,725
RENT COMPS ANALYSIS
  • 3594 N 306th Lane Buckeye, AZ 1
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 29654 W Weldon Avenue Buckeye, AZ 2
    • 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,380 Sqft ∙ Built 2006
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.61
    •  
  • 3650 N 306 Lane Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2017
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.58
    •  
  • 30347 W Whitton Avenue Buckeye, AZ 4
    • 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.65
    •  
  • 3022 N Lainey Lane Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,871 Sqft ∙ Built 2006
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.60
    •  
PROPERTY LISTING DETAILS
Camille Bowring
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152652
Last Updated: 10/29/2020
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.

BESbswy