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10141 N 115th Drive Youngtown, AZ 85363

3 Beds 2 Baths 1,714 sqft Built 2003

$295,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $172.11
  • 5 Days on Market
  • MLS # : 6173995
  • Updated Date : 12/22/2020 at 19:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,714 sqft
  • Baths : 2 full
Listing Agent

Real Property Management Evolve

Listing Agent's Description

Charming 3Bd 2Ba Youngstown home with lovely, flowing floor plan. All new appliances, along with new paint and flooring. Oak Cabinets add a nice touch to this open kitchen/dining combo.Call today, this one will not last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Agua Fria Ranch

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Agua Fria Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6981567

* 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
Luke Elementary School Primary Regular 691 38 3
Luke Elementary School Middle Regular 691 38 3
Dysart High School High Regular 1,604 73 3

Luke Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 38
3
GreatSchools Rating

Luke Elementary School

  • Education Level: Middle
  • # of students: 691
  • # of teachers: 38
3
GreatSchools Rating

Dysart High School

  • Education Level: High
  • # of students: 1,604
  • # of teachers: 73
3
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,088
Property Tax -$239
Property Insurance -$61
HOA -$11
Property Management Fees -$99
CASH FLOW
-$138

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$295,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,709

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
  • $1,393

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3504$1,3955$1,499
$1,499
RENT COMPS ANALYSIS
  • 10141 N 115th Drive Youngtown, AZ 1
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11594 W Cinnabar Avenue Youngtown, AZ 2
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 11607 W Duran Avenue Youngtown, AZ 3
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2005
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.78
    •  
  • 11615 W Cheryl Drive Youngtown, AZ 4
    • 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 11579 W Oglesby Avenue Youngtown, AZ 5
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.87
    •  
PROPERTY LISTING DETAILS
Chantel Saathoff
Real Property Management Evolve
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173995
Last Updated: 12/22/2020
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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