Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10622 W Windsor Avenue Avondale, AZ 85392

3 Beds 2 Baths 1,758 sqft Built 2003

$299,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $170.59
  • 2 Days on Market
  • MLS # : 6168035
  • Updated Date : 12/04/2020 at 21:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,758 sqft
  • Baths : 2 full
Listing Agent

Ultimate Properties, Inc.

Listing Agent's Description

NEWLY REMODELED! This beautiful, highly upgraded home just a few minutes from the 101 won't last long! Featuring 3 bedrooms, a den, and a large living area, this home has recently been updated with all new vinyl plank flooring, new carpet, granite countertops in the kitchen and bathrooms, sleek white cabinets, brand new carpet, and a fresh coat of exterior paint. The home is just down the street from a beautiful park. Come take a look!

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,107
Property Tax -$239
Property Insurance -$61
HOA -$69
Property Management Fees -$99
CASH FLOW
-$235

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.

$299,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$4,018

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,472

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3403$1,3904$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 10622 W Windsor Avenue Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.76
    •  
  • 11198 W Granada Road Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1999
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 10453 W Granada Road Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 2001
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.83
    •  
  • 10736 W Granada Road Avondale, AZ 4
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1999
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 11167 W Edgemont Avenue Avondale, AZ 5
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2001
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jacie Dunford
Ultimate Properties, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168035
Last Updated: 12/04/2020
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.

BESbswy