Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11229 W Roanoke Avenue Avondale, AZ 85392

4 Beds 3 Baths 2,232 sqft Built 2001

$320,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $143.37
  • 5 Days on Market
  • MLS # : 6174229
  • Updated Date : 12/23/2020 at 20:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,232 sqft
  • Baths : 2 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

You're going to love this one. The first thing you'll notice is the great curb appeal & easy to maintain and attractive landscaping. Step inside to this move-in ready gem and there are great features all over such as a separate living & family room, open floor plan, 4 spacious bedrooms with ceiling fans, and it's in immaculate clean condition from ceiling to floor. The kitchen offers stainless steel appliances, track lighting, and plenty of cabinet storage and countertop space. Awesome loft upstairs that could be a game room or even another bedroom. Master bath suite boasts a garden tub, separate shower, private toilet room, double sink vanity, and walk in closet. Enormous back yard with lake views, covered patio, and all the room to entertain. Paid Solar Panels!

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
Canyon Breeze Elementary School Primary Regular 855 38 4
Canyon Breeze Elementary School Middle Regular 855 38 4
Westview High School High Regular 2,456 94 2

Canyon Breeze Elementary School

  • Education Level: Primary
  • # of students: 855
  • # of teachers: 38
4
GreatSchools Rating

Canyon Breeze Elementary School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 38
4
GreatSchools Rating

Westview High School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,181
Property Tax -$257
Property Insurance -$71
HOA -$43
Property Management Fees -$99
CASH FLOW
$40

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.

$320,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$26,303

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
  • $1,691

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6004$1,6505$2,000
$2,000
RENT COMPS ANALYSIS
  • 11229 W Roanoke Avenue Avondale, AZ 1
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11321 W Citrus Grove Way Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1989
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.73
    •  
  • 3128 N Ivory Lane Avondale, AZ 3
    • 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 1989
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 11572 W Virginia Avenue Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,381 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,381 Sqft ∙ Built 2003
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.69
    •  
  • 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
Raj Hundal
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174229
Last Updated: 12/23/2020
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.

BESbswy