3018 S 249th Ln
Buckeye · Buckeye, AZ 85326 · Single-family
- Price
- $341,000
- Est. rent / mo
- $1,990
- Est. cap rate
- 3.62%
- Est. cash-on-cash
- -8.05%
- Est. DSCR
- 0.62
- Rent / price
- 0.584%
- $ / sq ft
- $192
- Est. cash flow / mo
- -$629
At the baseline set: 25% down, 6.75%, 30-year amortisation. Estimates.
Representative stock photography of Phoenix-metro residential product. These images do not depict this address.
The read
Competing directly with the builder half a mile away, who can buy the rate down. That is why the resale cuts and the builder does not.
- HOA $102/mo
- Two price cuts
- Community park
- Paver patio
Facts
| Property type | Single-family |
|---|---|
| Units | 1 |
| Bedrooms / bathrooms | 3 / 2 |
| Living area | 1,780 sq ft |
| Lot | 5,663 sq ft |
| Year built | 2018 (8 yrs) |
| Stories | 1 |
| Parking | 2-car garage |
| Coordinates | 33.3784, -112.5830 |
| Property tax / yr | $2,250 |
|---|---|
| Insurance / yr | $1,770 |
| HOA / mo | $102 |
| Other fixed / yr | $360 |
| Total est. operating / yr | $10,093 |
| HVAC installed | 2018 |
| Roof installed | 2018 |
| Water provider | EPCOR Water |
| FEMA flood zone | Zone X |
Underwrite it
Every figure below recomputes as you move an input. Nothing is rounded until it is printed, and operating expenses never include debt service — that separation is what makes the cap rate a property of the building and the cash-on-cash a property of your deal. All outputs are estimates.
Monthly cash flow
−$629
after debt service, before tax
Cap rate
3.62%
NOI ÷ purchase price
Cash-on-cash
-8.05%
cash flow ÷ cash invested
DSCR
0.62
NOI ÷ annual debt service
Where the gross rent goes
- Vacancy$1,433
- Operating$10,093
- Debt service$19,905
- Cash flow$0
| Gross scheduled income | $23,880 |
|---|---|
| Less vacancy & credit loss | −$1,433 |
| Effective gross income | $22,447 |
| Less fixed operating | −$5,604 |
| Less variable operating | −$4,489 |
| Net operating income | $12,354 |
| Less annual debt service | −$19,905 |
| Pre-tax cash flow | -$7,552 |
| Loan amount | $255,750 |
| Monthly principal & interest | $1,659 |
| Cash invested | $93,775 |
| Operating expense ratio | 45.0% |
| Break-even occupancy | 125.6% |
| Gross rent multiplier | 14.3 |
| Rent-to-price ratio | 0.584% |
Estimated figures produced by a model from the assumptions on the left. Not an offer, an appraisal, a loan quote or investment advice. Taxes, insurance and operating expenses are estimates; verify each before you commit capital.
Price history
List-price history
Plotted on a true time axis — the horizontal distance between two points is how long that price actually stood. $17,000 off the original ask, 4.7%.
| Date | Event | Price | Change |
|---|---|---|---|
| June 10, 2026 | Listed | $358,000 | — |
| July 10, 2026 | Price cut | $349,500 | −8,500 |
| August 10, 2026 | Price cut | $341,000 | −8,500 |
Estimated value, indexed to the submarket
The current price carried backwards on the Buckeye median-price index. An index adjustment, not an appraisal and not a record of transactions.
| Month | Estimated value |
|---|---|
| Oct 2024 | $323K |
| Nov 2024 | $324K |
| Dec 2024 | $326K |
| Jan 2025 | $328K |
| Feb 2025 | $330K |
| Mar 2025 | $331K |
| Apr 2025 | $331K |
| May 2025 | $329K |
| Jun 2025 | $327K |
| Jul 2025 | $325K |
| Aug 2025 | $326K |
| Sep 2025 | $328K |
| Oct 2025 | $332K |
| Nov 2025 | $334K |
| Dec 2025 | $335K |
| Jan 2026 | $335K |
| Feb 2026 | $334K |
| Mar 2026 | $332K |
| Apr 2026 | $331K |
| May 2026 | $333K |
| Jun 2026 | $336K |
| Jul 2026 | $339K |
| Aug 2026 | $340K |
| Sep 2026 | $341K |
Comparables
Rent is compared per unit, which is the only fair basis across a house and a fourplex. The subject sits 7.0% below the median of its five closest comparables.
| Address | Submarket | Distance | Price | Sq ft | $ / sq ft |
|---|---|---|---|---|---|
| 3018 S 249th Ln Subject | Buckeye | — | $341,000 | 1,780 | $192 |
| 24135 W Hidalgo Ave | Buckeye | 0.5 mi | $366,000 | 2,260 | $162 |
| 21707 W Cocopah St | Buckeye | 0.5 mi | $388,000 | 2,420 | $160 |
| 10422 W Papago St | Avondale | 13.6 mi | $324,000 | 1,425 | $227 |
| 11940 W Roma Ave | Avondale | 14.5 mi | $382,000 | 2,160 | $177 |
Sensitivity
What a five-percent move in price or fifty basis points on the rate does to the return. Computed at the baseline assumption set, not at whatever you have set the calculator to — it is a fixed reference.
Sensitivity — cash-on-cash by price and rate
Every other assumption held at the baseline set. A fixed reference, not tied to the calculator above. Estimates.
| Price \ Rate | 5.75% | 6.25% | 6.75% | 7.25% | 7.75% |
|---|---|---|---|---|---|
| $313,500−8% | -4.8% | -5.8% | -6.9% | -8.0% | -9.1% |
| $327,500−4% | -5.4% | -6.4% | -7.5% | -8.6% | -9.7% |
| $341,000ask | -5.9% | -7.0% | -8.1% | -9.2% | -10.3% |
| $354,500+4% | -6.4% | -7.5% | -8.6% | -9.7% | -10.8% |
| $368,500+8% | -6.9% | -8.0% | -9.0% | -10.1% | -11.3% |
Cash-on-cash-11.3% → -4.8%
What to check before you commit
HVAC
Condenser installed 2018, 8 years old. Inside normal service life for this climate, so the CapEx reserve carries it rather than a year-one line item.
Roof
Roof dates to 2018, 8 years old — inside the window most carriers will write without a surcharge.
Flood
FEMA Zone X. Outside the mapped special flood hazard area; a lender will not require separate flood coverage.
Water allocation
Served by EPCOR Water. Long-run Colorado River and Central Arizona Project allocation is a genuine risk to price on the metro’s growth edges over a 10-to-20 year hold. It is a discount-rate question, not a next-quarter question.
HOA
$102 a month, $1,224 a year, payable whether or not the unit is occupied. Read the CC&Rs for rental caps and minimum lease terms before you underwrite a lease-up.