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11116 W Montana Avenue Youngtown, AZ 85363

2 Beds 1 Baths 1,050 sqft Built 1959

INVESTimate

$195,000

List Price

$1,030

$927 - $1,133

Rent Est.

$220,994  ( +13.33%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $185.71
  • 2 Days on Market
  • MLS # : 6122507
  • Updated Date : 08/25/2020 at 18:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,050 sqft
  • Baths : 1 full
Listing Agent

Century 21 Northwest

Listing Agent's Description

Very charming 2bed/1bath single story home in the heart of Youngtown. Great curb appeal with beautiful mature shade trees. A cozy front porch leads you into a beautifully painted interior featuring tile flooring and exposed brick wall features. Country style eat in kitchen boasts ivory cabinets and tile backsplash. Good sized bedrooms and a vibrant bathroom with turquoise tile. Giant lot with with a fully finished and insulated work room/casita in back. Tons of potential ready for all your ideas. Great location, close to golf, parks, freeways and so much more. Do not miss out on this one. Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Youngtown

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $65k271k

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

Neighborhood: Youngtown

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6181567

* 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
Country Meadows Elementary School Primary Regular 1,179 53 4
Country Meadows Elementary School Middle Regular 1,179 53 4
Raymond S. Kellis High School High Regular 1,928 75 4

Country Meadows Elementary School

  • Education Level: Primary
  • # of students: 1,179
  • # of teachers: 53
4
GreatSchools Rating

Country Meadows Elementary School

  • Education Level: Middle
  • # of students: 1,179
  • # of teachers: 53
4
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$719
Property Tax -$113
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
$51

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.

$195,000

PROJECTED PRICE

$1,030

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.33%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$19,313

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $916

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9993$1,0504$1,1255$1,200
$1,200
RENT COMPS ANALYSIS
  • 11116 W Montana Avenue Youngtown, 1
    • 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1959 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12235 N Cherry Hills Drive W Sun City, 2
    • 2 beds 1 baths ∙ 1,138 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,138 Sqft ∙ Built 1960
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.88
    •  
  • 12800 N 113th Avenue #4 Youngtown, 3
    • 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975
    LEASED 05/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.84
    •  
  • 10519 W Desert Hills Court Sun City, 4
    • 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1960
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.88
    •  
  • 10426 W Camden Avenue Sun City, 5
    • 2 beds 2 baths ∙ 1,345 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,345 Sqft ∙ Built 1964
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
PROPERTY LISTING DETAILS
Joyce L Garber
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122507
Last Updated: 08/25/2020
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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