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4081 N 308th Drive Buckeye, AZ 85396

3 Beds 2 Baths 1,574 sqft Built 2019

$285,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $181.07
  • 3 Days on Market
  • MLS # : 6157410
  • Updated Date : 11/07/2020 at 09:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Brand new Matterhorn floor plan!! You'll fall in love with the mountain views as soon as you step foot onto the back patio of this over 12,000 sq ft lot. This single level home is placed in the middle of a cul-de-sac offering so much privacy. The matterhorn floor plan offers a great entertaining space with 3 bedrooms, 2 bathrooms, and a 3 car garage. It's move in ready with furnishings available as well as all appliances. There are two brand new ceiling fans in the living room and master bedroom. There's plenty of room to make this already desert landscaped backyard the yard of your dreams!

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,052
Property Tax -$193
Property Insurance -$58
HOA -$84
Property Management Fees -$99
CASH FLOW
$44

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.

$285,000

PROJECTED PRICE

$1,530

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$1.2M

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$77,525

INVESTMENT

$77,525

Down Payment
$71,250
Rehab Estimate
$2,000
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$23,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,523

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,5004$1,5305$1,650
$1,650
RENT COMPS ANALYSIS
  • 4081 N 308th Drive Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.97
    •  
  • 30973 W Amelia Avenue Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2019
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 30691 W Amelia Avenue Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2019
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 3921 N 308th Drive Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 2020
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.00
    •  
  • 3956 N 307th Avenue Buckeye, AZ 5
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2020
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.06
    •  
PROPERTY LISTING DETAILS
Kaula Goodman
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157410
Last Updated: 11/07/2020
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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