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10741 W Granada Road Avondale, AZ 85392

3 Beds 2 Baths 1,870 sqft Built 1999

$294,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $157.70
  • 4 Days on Market
  • MLS # : 6160455
  • Updated Date : 11/19/2020 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,870 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Must see charming 3 bed/ 2 bath home with amazing water views. Beautiful iron archway at entrance of the home leads into the charming courtyard entrance. Inside, the open floorplan offers built in shelving and a fireplace in the living area and a bonus room that can be used as a den/office. Kitchen with lots of cabinet and counter space and a breakfast bar. Master bedroom with walk in closet. Sit on the covered patio overlooking the gorgeous backyard view of community lake. Backyard leads out to the lake and makes for a perfect walking/running path. This one will sell fast. See it today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crystal Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Crystal Gardens

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
Canyon Breeze Elementary School Primary Regular 855 38 4
Canyon Breeze Elementary School Middle Regular 855 38 4
Westview High School High Regular 2,456 94 2

Canyon Breeze Elementary School

  • Education Level: Primary
  • # of students: 855
  • # of teachers: 38
4
GreatSchools Rating

Canyon Breeze Elementary School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 38
4
GreatSchools Rating

Westview High School

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

$265,410$324,390$294,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,088
Property Tax -$235
Property Insurance -$64
HOA -$43
Property Management Fees -$99
CASH FLOW
-$99

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.

$294,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,899

INVESTMENT

$83,899

Down Payment
$73,725
Rehab Estimate
$5,750
Closing Costs
$4,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,725
Loan Amount $221,175
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$12,085

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,543

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4503$1,5504$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 10741 W Granada Road Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.76
    •  
  • 10818 W Granada Road Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1999
    property image
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 11317 W Holly Street Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2009
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 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
    property image
    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
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Shannon Cunningham
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160455
Last Updated: 11/19/2020
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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