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10359 W Primrose Drive Avondale, AZ 85392

3 Beds 3 Baths 2,606 sqft Built 1999

$389,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $149.62
  • 5 Days on Market
  • MLS # : 6201792
  • Updated Date : 03/03/2021 at 22:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,606 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

VACANT! New roof! New AC units! Vacant and move-in 2-level home in Westwind Avondale community. Home has been refreshed with exterior, interior two-tone paint and new carpet. Open floorplan with separate formal living room with high ceilings at front entrance Family/dining/kitchen great room at the rear. Kitchen features new quartz counters, white cabinets, brand new stainless steel appliances, pantry and kitchen island with additional cabinet space. Inside laundry with storage space is just off great room. Convenient half bath for guests is across from laundry area. All bedrooms, loft and full bathroom are on the second level. Double door entry to oversized master bedroom. Master bathroom features dual vanity sinks, separate tub from walk-in shower, nice sized walk-in closet and separate

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westwind

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Westwind

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8131567

* 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
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,354
Property Tax -$311
Property Insurance -$78
HOA -$48
Property Management Fees -$99
CASH FLOW
-$190

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.

$389,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$8,838

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,824

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,7003$1,7504$1,9305$1,995
$1,995
RENT COMPS ANALYSIS
  • 10359 W Primrose Drive Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 11120 W Campbell Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2006
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.69
    •  
  • 11318 W Rosewood Drive Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 1993
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 10321 W Edgemont Drive Avondale, AZ 4
    • 5 beds 3 baths ∙ 2,934 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,934 Sqft ∙ Built 2004
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.66
    •  
  • 3320 N Lakeshore Court Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1993
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201792
Last Updated: 03/03/2021
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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