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10757 W Cottonwood Lane Avondale, AZ 85392

4 Beds 3 Baths 2,305 sqft Built 1996

$340,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $147.51
  • 4 Days on Market
  • MLS # : 6156399
  • Updated Date : 11/07/2020 at 10:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,305 sqft
  • Baths : 3 full
Listing Agent

Real Estate Brokers Intl

Listing Agent's Description

A spacious 4 bedroom family home with a private pool is now for sale in Avondale! Need some space on a budget? Better hurry to see this great place! A two story design with dramatic vaulted ceilings in the living room, dining room, and entry. The large kitchen has lots of cabinets, marble counters with tile accents and opens to the spacious family room. This is the place you'll gather with family & friends! A ground floor bedroom and bathroom right next to the laundry room will be perfect for your Mother-in-law. Cool off in the summer heat in the big backyard with a sparkling fenced pool and a full covered patio.This home is located in the sought after neighborhood of Garden Lakes. Beautiful active lake community with hiking trails, fishing, boating and so much more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Garden Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $100k291k

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

Neighborhood: Garden Lakes

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
Garden Lakes Elementary School Primary Regular 951 42 5
Garden Lakes Elementary School Middle Regular 951 42 5
Westview High School High Regular 2,456 94 2

Garden Lakes Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 42
5
GreatSchools Rating

Garden Lakes Elementary School

  • Education Level: Middle
  • # of students: 951
  • # of teachers: 42
5
GreatSchools Rating

Westview High School

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

$306,000$374,000$340,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,254
Property Tax -$271
Property Insurance -$72
HOA -$10
Property Management Fees -$99
CASH FLOW
-$27

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.

$340,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$21,764

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,861

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7493$1,8954$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 10757 W Cottonwood Lane Avondale, AZ 1
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.73
    •  
  • 2101 N 109th Avenue Avondale, AZ 2
    • 3 beds 3 baths ∙ 2,390 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,390 Sqft ∙ Built 2002
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.73
    •  
  • 10732 W Ivory Lane Avondale, AZ 3
    • 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
    •  
  • 2063 N 110th Avenue Avondale, AZ 4
    • 4 beds 2 baths ∙ 2,390 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,390 Sqft ∙ Built 1999
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
  • 10983 W Sheridan Street Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,390 Sqft ∙ Built 2002
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Charlie Walters
Real Estate Brokers Intl
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156399
Last Updated: 11/07/2020
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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