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10810 W Rio Vista Lane Avondale, AZ 85323

4 Beds 3 Baths 1,824 sqft Built 2004

$315,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $172.70
  • 3 Days on Market
  • MLS # : 6202304
  • Updated Date : 03/05/2021 at 14:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,824 sqft
  • Baths : 3 full
Listing Agent

A.z. & Associates

Listing Agent's Description

One thing is for sure: you're going to love this home. Beautiful 2 story with upgrades all over. Easy to maintain landscaping in the front & back yards. Vaulted ceilings, open floor plan, and spacious bedrooms. Master bath offers garden tub, separate shower, private toilet room, and walk in closet. Your new kitchen boasts beautiful oak cabinets with plenty of storage space, stainless steel appliances, and lots of countertop space. Covered patio in the rear that extends the entire length of the home. Only minutes from the I-10 in a quiet and well maintained subdivision. This gem won't last long so hurry and come take a look. Thanks for stopping by for a look.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sanctuary

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: Sanctuary

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7911567

* 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
La Joya Community High School High Regular 2,051 84 1

La Joya Community High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 84
1
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,094
Property Tax -$225
Property Insurance -$63
HOA -$60
Property Management Fees -$99
CASH FLOW
$9

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$18,159

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,528

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4993$1,4994$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 10810 W Rio Vista Lane Avondale, AZ 5
    • 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 11015 W Elm Lane Avondale, AZ 1
    • 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
  • 10798 W Del Rio Lane Avondale, AZ 2
    • 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2004
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.82
    •  
  • 10874 W Locust Lane Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2003
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.86
    •  
  • 10995 W Rio Vista Lane Avondale, AZ 4
    • 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2003
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
PROPERTY LISTING DETAILS
Ruben Luna
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202304
Last Updated: 03/05/2021
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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