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11129 W Primrose Lane Avondale, AZ 85392

3 Beds 2 Baths 1,997 sqft Built 1986

$400,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $200.30
  • 4 Days on Market
  • MLS # : 6208414
  • Updated Date : 03/18/2021 at 16:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,997 sqft
  • Baths : 2 full
Listing Agent

Launch Real Estate

Listing Agent's Description

Step inside this fantastic waterfront single story home that sits nestled in the amazing city of Avondale within the highly sought after Garden Lakes Community! Upon entering this home, you are greeted with gorgeous tile flooring, soft paint palettes, a cozy fireplace and tons of natural light throughout! The kitchen boasts great lake views from your dual sinks, SS appliances, white cabinetry and a breakfast bar. The spacious bedrooms offer plenty of room for sleep, study and storage. The master bathroom showcases dual sinks, a garden style bathtub, separate shower and a large walk-in closet. The covered back patio overlooks lush green grass, shade trees and the breathtaking lakeside views! Don't hesitate! Book your showing today! This gem is sure to impress!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Garden Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $100k342k

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

Neighborhood: Garden Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8421833

* 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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,389
Property Tax -$319
Property Insurance -$66
HOA -$10
Property Management Fees -$99
CASH FLOW
-$124

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.

$400,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 1.3%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$13,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,643

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,5004$1,5955$1,760
$1,760
RENT COMPS ANALYSIS
  • 11129 W Primrose Lane Avondale, AZ 5
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.88
    •  
  • 11512 W Piccadilly Road Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 4003 N 113th Avenue Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1995
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 11218 W Glenrosa Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1998
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 3722 N Lavender Lane Avondale, AZ 4
    • 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1987
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
PROPERTY LISTING DETAILS
Bryce Buchanan
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208414
Last Updated: 03/18/2021
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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