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10211 W Virginia Avenue Avondale, AZ 85392

4 Beds 4 Baths 2,827 sqft Built 1980

$575,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $203.40
  • 1 Days on Market
  • MLS # : 6262674
  • Updated Date : 07/13/2021 at 07:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,827 sqft
  • Baths : 3 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

Fantastic 4 bed, 3.5 bath residence now on the market! Located on a huge lot of over one acre with lots of potential for farming or horse keeping features a great-looking facade with easy-care landscape, as well as a 2 car garage & RV/Shop garage. Interior boasts a bright living room, soothing palette, handsome laminated floor, recessed lighting, and formal dining room w/fireplace. Wonderful kitchen includes a plethora of wood cabinets, essential appliances, island w/breakfast bar, and plenty of counter space. HUGE Arizona room owns ceiling fans & fireplace, get creative & use this area for any purpose. Spacious main retreat includes fireplace, closet, and bath with dual sinks & rain head shower. Sizable basement is perfect for a hobby/workshop or to store all your belongings. Come see it

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Avondale

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Avondale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8421567

* 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
Westview High School High Regular 2,456 94 2

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,997
Property Tax -$442
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
-$441

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.

$575,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.8%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,398

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,516

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1803$2,4504$2,800
$2,800
RENT COMPS ANALYSIS
  • 10211 W Virginia Avenue Avondale, AZ 2
    • 4 beds 4 baths ∙ 2,827 Sqft ∙ Built 1980 4 beds 4 baths ∙ 2,827 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.77
    •  
  • 3320 N Lakeshore Court Avondale, AZ 1
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1993
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
  • 11109 W Cottonwood Lane W Avondale, AZ 3
    • 4 beds 4 baths ∙ 2,895 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,895 Sqft ∙ Built 1998
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.85
    •  
  • 3624 N 103rd Drive Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1998
    LEASED 07/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.07
    •  
PROPERTY LISTING DETAILS
Alexander M Prewitt
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6262674
Last Updated: 07/13/2021
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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