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11263 W Florida Avenue Youngtown, AZ 85363

2 Beds 1 Baths 1,020 sqft Built 1958

$185,000

List Price

$870

$783 - $957

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $181.37
  • 4 Days on Market
  • MLS # : 6154486
  • Updated Date : 11/01/2020 at 17:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,020 sqft
  • Baths : 1 full
Listing Agent

West Usa Realty

Listing Agent's Description

Don't miss this charming nicely updated, well maintained, home in Youngtown. Clean, move in ready. Newer carpet, tile, tile countertops, paint, hot water heater, heat pump/ac. Home is all electric. Optional gas. Corner lot. Large back patio and private back yard area. Extra deep carport allows for parking for 2 vehicles. The front yard is nicely graveled and makes for an attractive maintenance free front yard. Park and playground area just a short distance away.Seller is related to listing agent.

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
 

$166,500$203,500$185,000

PURCHASE PRICE

$783$957$870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $870
EXPENSES Loan Payment -$683
Property Tax -$105
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$63

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.

$185,000

PROJECTED PRICE

$870

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

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-$2.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$683

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$8,188

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
  • $877

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9993$1,0504$1,0755$1,075
$1,075
RENT COMPS ANALYSIS
  • 11263 W Florida Avenue Youngtown, AZ 1
    • 2 beds 1 baths ∙ 1,020 Sqft ∙ Built 1958 2 beds 1 baths ∙ 1,020 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12235 N Cherry Hills Drive W Sun City, AZ 2
    • 2 beds 1 baths ∙ 1,138 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,138 Sqft ∙ Built 1960
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.88
    •  
  • 12800 N 113th Avenue #4 Youngtown, AZ 3
    • 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975
    property image
    LEASED 05/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.84
    •  
  • 12810 N 113th Avenue #8 Youngtown, AZ 4
    • 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.86
    •  
  • 12810 N 113th Avenue #2 Youngtown, AZ 5
    • 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1975
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.86
    •  
PROPERTY LISTING DETAILS
Cathy G Rhudy
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154486
Last Updated: 11/01/2020
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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