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8794 S 254th Drive Buckeye, AZ 85326

5 Beds 3 Baths 2,488 sqft Built 2019

$310,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $124.60
  • 3 Days on Market
  • MLS # : 6180966
  • Updated Date : 01/17/2021 at 03:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,488 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Practically BRAND NEW, built in 2019 located in the small town of Buckeye. Spacious living area with big island in center of kitchen, Big loft area perfect for office or playroom, this property includes an upstairs entertainment area big enough for the whole family! Spacious master bed with large walk-in closet. Must see to appreicate. There is also a laundry room located upstairs.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkplace at Buckeye

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Parkplace at Buckeye

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7331567

* 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
Buckeye Elementary School Primary Regular 882 46 3
Buckeye Union High School High Regular 1,373 62 4

Buckeye Elementary School

  • Education Level: Primary
  • # of students: 882
  • # of teachers: 46
3
GreatSchools Rating

Buckeye Union High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,077
Property Tax -$215
Property Insurance -$76
HOA -$60
Property Management Fees -$99
CASH FLOW
-$126

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.

$310,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.45%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,270

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
  • $1,462

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3253$1,4504$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 8794 S 254th Drive Buckeye, AZ 1
    • 5 beds 3 baths ∙ 2,488 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,488 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 25153 W Parkside Lane N Buckeye, AZ 2
    • 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2007
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.54
    •  
  • 25255 W Centre Avenue Buckeye, AZ 3
    • 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2005
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.59
    •  
  • 25246 W Centre Avenue Buckeye, AZ 4
    • 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2005
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.61
    •  
  • 25555 W Winston Drive Buckeye, AZ 5
    • 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2019
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.61
    •  
PROPERTY LISTING DETAILS
Armani Hannah
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180966
Last Updated: 01/17/2021
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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