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3840 N 310th Drive Buckeye, AZ 85396

4 Beds 2 Baths 1,712 sqft Built 2019

$274,500

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $160.34
  • 2 Days on Market
  • MLS # : 6168231
  • Updated Date : 12/05/2020 at 14:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,712 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Check out this lovely home that is move-in ready! Located in the amazing Tartesso community in Buckeye that features tennis and volleyball courts, splashpads, parks and playgrounds, ball fields and walking/biking trails. This practically brand new home is only a year old and is situated on a huge corner lot with gorgeous greenbelt behind it and features tile flooring throughout the main living with lush carpet in the bedrooms, upgraded kitchen with granite countertops, an island with breakfast bar seating and a gas range oven. Don't miss the chance to call this wonderful house your home! Schedule your private showing today!

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
 

$247,050$301,950$274,500

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,013
Property Tax -$186
Property Insurance -$61
HOA -$84
Property Management Fees -$99
CASH FLOW
$97

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.

$274,500

PROJECTED PRICE

$1,540

PROJECTED RENT

0.56%

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$74,743

INVESTMENT

$74,743

Down Payment
$68,625
Rehab Estimate
$2,000
Closing Costs
$4,118

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,013

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,625
Loan Amount $205,875
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$29,437

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,540

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,532

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,5404$1,5955$1,700
$1,700
RENT COMPS ANALYSIS
  • 3840 N 310th Drive Buckeye, AZ 3
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.90
    •  
  • 30999 W Picadilly Road Buckeye, AZ 1
    • 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 2
    • 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 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
    •  
  • 31069 W Picadilly Road Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2019
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168231
Last Updated: 12/05/2020
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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