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11014 W Alvarado Road Avondale, AZ 85392

3 Beds 3 Baths 3,192 sqft Built 1999

$420,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $131.58
  • 4 Days on Market
  • MLS # : 6192877
  • Updated Date : 02/11/2021 at 19:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,192 sqft
  • Baths : 3 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

BEAUTIFUL HOME IN THE LAKE SUBDIVISION, OPEN FLOOR PLAN WITH HIGH CEILINGS, HOME FEATURES 3 BEDROOMS WITH EXTRA LARGE SUITE BEDROOM, 3 FULL BATHROOMS. UPGRADED FLOORINGS WITH TILES AND WOODS THROUGHOUT THE HOUSE. UPGRADED CABINETS AND GRANITE COUNTERTOPS. COVERED PATIO WITH HUGE BACKYARD, RV GATE.

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
Westview High School High Regular 2,456 94 2

Westview High School

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

$378,000$462,000$420,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,459
Property Tax -$335
Property Insurance -$89
HOA -$43
Property Management Fees -$99
CASH FLOW
$75

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.

$420,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.50%

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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$30,510

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,147

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,1004$2,2005$2,500
$2,500
RENT COMPS ANALYSIS
  • 11014 W Alvarado Road Avondale, AZ 3
    • 3 beds 3 baths ∙ 3,192 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,192 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.66
    •  
  • 2106 N 120th Drive Avondale, AZ 1
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.63
    •  
  • 10333 W La Reata Avenue Avondale, AZ 2
    • 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 2005
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.60
    •  
  • 11403 W Crimson Lane Avondale, AZ 4
    • 4 beds 3 baths ∙ 3,289 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,289 Sqft ∙ Built 1993
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.67
    •  
  • 11134 W Ashland Way Avondale, AZ 5
    • 4 beds 4 baths ∙ 3,169 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,169 Sqft ∙ Built 1994
    property image
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Vu Nguyen
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192877
Last Updated: 02/11/2021
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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