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10301 W La Reata Avenue Avondale, AZ 85392

3 Beds 2 Baths 2,124 sqft Built 2003

INVESTimate

$304,900

List Price

$1,460

$1,314 - $1,606

Rent Est.

$320,145  ( +5.00%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $143.55
  • 6 Days on Market
  • MLS # : 6120644
  • Updated Date : 08/21/2020 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,124 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This wonderful home is conveniently located close to the freeway. A custom large kitchen opens up into a spacious family room with built in shelving and patio access. Front entry opens directly into the living room with large windows for natural light. The master is on its own side of the home with a roomy master bath and walk in closet. It also features a separate shower and tub. Ceiling fans throughout. Neighborhood park is just a few blocks away.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Los Arbolitos Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Los Arbolitos Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8421605

* 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
Rio Vista Elementary School Primary Regular 805 40 5
Rio Vista Elementary School Middle Regular 805 40 5
Westview High School High Regular 2,456 94 2

Rio Vista Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 40
5
GreatSchools Rating

Rio Vista Elementary School

  • Education Level: Middle
  • # of students: 805
  • # of teachers: 40
5
GreatSchools Rating

Westview High School

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

$274,410$335,390$304,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,125
Property Tax -$243
Property Insurance -$69
HOA -$69
Property Management Fees -$99
CASH FLOW
-$145

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.

$304,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.00%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,282

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,566

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,449
1$1,4492$1,4603$1,5254$1,5355$1,649
$1,649
RENT COMPS ANALYSIS
  • 10301 W La Reata Avenue Avondale, 2
    • 3 beds 2 baths ∙ 2,124 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,124 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.69
    •  
  • 3517 N 103rd Drive Avondale, 1
    • 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 1997
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.70
    •  
  • 10578 W Crimson Lane Avondale, 3
    • 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1998
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.78
    •  
  • 10601 W Monte Vista Road Avondale, 4
    • 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 2001
    property image
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.71
    •  
  • 10534 W Monte Vista Road Avondale, 5
    • 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2001
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.76
    •  
PROPERTY LISTING DETAILS
Rodney Rudolph
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120644
Last Updated: 08/21/2020
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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