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4983 S 236th Drive Buckeye, AZ 85326

3 Beds 2 Baths 1,537 sqft Built 2012

$269,999

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $175.67
  • 4 Days on Market
  • MLS # : 6208699
  • Updated Date : 03/18/2021 at 07:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,537 sqft
  • Baths : 2 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

.Welcome Home! This lovely three bedroom, two bath home offers a tile floors in the kitchen and baths. Vaulted ceilings make this home bright and airy., formal living/dining room, kitchen great room concept with family room and master bath access to the exterior patio. Huge back yard Easy for pets or that pool that you have always dreamed of building or landscaping design . Great views of the community greenbelt and community park from your front window. Best of all at a very affordable price .PLEASE SHOW ANSD SELL YOU WONT BE DISSAPOINTED.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sonoran Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8271567

* 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
Marionneaux Elementary School Primary Regular NA
Buckeye Union High School High Regular 1,373 62 4

Marionneaux Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Buckeye Union High School

  • Education Level: High
  • # of students: 1,373
  • # of teachers: 62
4
GreatSchools Rating
 

$242,999$296,999$269,999

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$938
Property Tax -$258
Property Insurance -$57
HOA -$78
Property Management Fees -$99
CASH FLOW
-$200

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.

$269,999

PROJECTED PRICE

$1,230

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 4.6%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,499
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,299

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,3253$1,3254$1,3255$1,350
$1,350
RENT COMPS ANALYSIS
  • 4983 S 236th Drive Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.80
    •  
  • 23609 W Chipman Road Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2012
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.82
    •  
  • 24029 W Chambers Street Buckeye, AZ 3
    • 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2008
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.84
    •  
  • 5000 S Rovey Parkway Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2012
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.86
    •  
  • 5882 S 240th Drive Buckeye, AZ 5
    • 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,569 Sqft ∙ Built 2008
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
PROPERTY LISTING DETAILS
Luz Gamez
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208699
Last Updated: 03/18/2021
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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