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10418 W Sunflower Place Avondale, AZ 85392

4 Beds 3 Baths 2,426 sqft Built 1998

INVESTimate

$310,000

List Price

$1,650

$1,485 - $1,815

Rent Est.

$335,606  ( +8.26%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $127.78
  • 5 Days on Market
  • MLS # : 6121154
  • Updated Date : 08/23/2020 at 13:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,426 sqft
  • Baths : 2 full , 1 half
Listing Agent

Yay Realty

Listing Agent's Description

You don't want to miss out on this well-taken care of 4 Bedroom 2.5 Bath in the heart of Avondale. Walk through the door and be greeted by a high ceiling great room. Kitchen features updated cabinetry with plenty of cabinet space, sliver hardware & stainless steel appliances. Downstairs features tile throughout, 4th bedroom along with a half bath and a large laundry room to add your own Pinterest touches. Walk upstairs and be greeted by a nice sized loft, double doors to master bedroom - great sized master bath with double sinks & separate tub & shower. Each room is a great size for the kids and big walk in closets for plenty of storage. The backyard is beautifully landscaped with a large covered patio - perfect for BBQs. LARGE RV GATE with separate block fencing to hide your cars & toys.

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
Sonoran Sky Elementary School Primary Regular 697 34 5
Sonoran Sky Elementary School Middle Regular 697 34 5
Westview High School High Regular 2,456 94 2

Sonoran Sky Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 34
5
GreatSchools Rating

Sonoran Sky Elementary School

  • Education Level: Middle
  • # of students: 697
  • # of teachers: 34
5
GreatSchools Rating

Westview High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,144
Property Tax -$251
Property Insurance -$74
HOA -$48
Property Management Fees -$99
CASH FLOW
$33

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.

$310,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.26%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$24,721

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,917

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,649
1$1,6492$1,6503$1,7954$1,8955$2,090
$2,090
RENT COMPS ANALYSIS
  • 10418 W Sunflower Place Avondale, 2
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
  • 10534 W Monte Vista Road Avondale, 1
    • 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,173 Sqft ∙ Built 2001
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.76
    •  
  • 2520 N 109th Avenue Avondale, 3
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2002
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.75
    •  
  • 10732 W Ivory Lane Avondale, 4
    • 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 1989
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
  • 10930 W Laurelwood Lane Avondale, 5
    • 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 1991
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.78
    •  
PROPERTY LISTING DETAILS
Nataly Acosta
Yay Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121154
Last Updated: 08/23/2020
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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