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11246 W Louisiana Avenue Youngtown, AZ 85363

3 Beds 1 Baths 1,075 sqft Built 1959

INVESTimate

$175,000

List Price

$900

$810 - $990

Rent Est.

$198,328  ( +13.33%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1959
  • Price/Sqft : $162.79
  • 5 Days on Market
  • MLS # : 6121209
  • Updated Date : 08/21/2020 at 23:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,075 sqft
  • Baths : 1 full
Listing Agent

Prosmart Realty

Listing Agent's Description

House is price below market price because it needs work! Paint, carpet if you want it . Landscaping needs work BUT what a great way to get sweat equity! A/C works the roof looks good, and it is ready for a new owner!Owner /Agent

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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
 

$157,500$192,500$175,000

PURCHASE PRICE

$810$990$900

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $900
EXPENSES Loan Payment -$646
Property Tax -$99
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
$8

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.

$175,000

PROJECTED PRICE

$900

PROJECTED RENT

0.51%

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$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$646

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$13,516

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
  • $914

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0953$1,1254$1,195
$1,195
RENT COMPS ANALYSIS
  • 11246 W Louisiana Avenue Youngtown, 1
    • 3 beds 1 baths ∙ 1,075 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,075 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10317 W Pinehurst Drive Sun City, 2
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1960
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.84
    •  
  • 10721 W Cherry Hills Drive W Sun City, 3
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1960
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.85
    •  
  • 11858 N Thunderbird Road Sun City, 4
    • 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 1960
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.86
    •  
PROPERTY LISTING DETAILS
Dean Bolton
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121209
Last Updated: 08/21/2020
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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