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5080 S 245th Drive Buckeye, AZ 85326

3 Beds 2 Baths 1,551 sqft Built 2017

$260,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $167.63
  • 3 Days on Market
  • MLS # : 6178520
  • Updated Date : 01/08/2021 at 19:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,551 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This single level home has been freshly painted throughout (Jan 2021) with new carpet installed (Jan 2021) making it look and feel brand new again! This Bisbee model not only has a covered back patio with view fence yard but also has a lovely front porch to enjoy our amazing fall, winter and spring months in AZ! Has 3 bedrooms, 2 baths, nice sized walk in laundry room, formal dining, and open floor plan. Great size master bedroom has walk-in closet and en suite master bath that has a separate shower and tub. This wonderfully laid out 1551 sq ft home has so much to offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crystal Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Crystal Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7791567

* 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
Steven R. Jasinski Elementary School Primary Regular 926 42 4
Steven R. Jasinski Elementary School Middle Regular 926 42 4
Buckeye Union High School High Regular 1,373 62 4

Steven R. Jasinski Elementary School

  • Education Level: Primary
  • # of students: 926
  • # of teachers: 42
4
GreatSchools Rating

Steven R. Jasinski Elementary School

  • Education Level: Middle
  • # of students: 926
  • # of teachers: 42
4
GreatSchools Rating

Buckeye Union High School

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

$234,000$286,000$260,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$903
Property Tax -$186
Property Insurance -$57
HOA -$80
Property Management Fees -$99
CASH FLOW
$15

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.

$260,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.6%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$15,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,338

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3003$1,3404$1,3505$1,450
$1,450
RENT COMPS ANALYSIS
  • 5080 S 245th Drive Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.86
    •  
  • 4845 S 243rd Drive Buckeye, AZ 1
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 2015
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.82
    •  
  • 24755 W Dove Trail Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2005
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 24620 W Mobile Lane Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2016
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 24707 W Dove Lane Buckeye, AZ 5
    • 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 2004
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
PROPERTY LISTING DETAILS
Angie Venegas
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178520
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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