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11286 W Del Rio Lane Avondale, AZ 85323

4 Beds 2 Baths 1,605 sqft Built 2004

INVESTimate

$280,000

List Price

$1,430

$1,287 - $1,573

Rent Est.

$303,604  ( +8.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $174.45
  • 2 Days on Market
  • MLS # : 6122349
  • Updated Date : 08/25/2020 at 12:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,605 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Gorgeous 4 bedroom split floor plan. Brand new tile flooring throughout the home as well as a fully remodeled Master shower in the bathroom. Huge Extended patio in the backyard with pavers throughout! Schedule your showing today!!**Rods and Curtains do not convey**

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Durango Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Durango Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8061567

* 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
Quentin Elementary School Primary Regular 979 52 2
Quentin Elementary School Middle Regular 979 52 2
La Joya Community High School High Regular 2,051 84 1

Quentin Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 52
2
GreatSchools Rating

Quentin Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 52
2
GreatSchools Rating

La Joya Community High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 84
1
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,033
Property Tax -$200
Property Insurance -$58
HOA -$56
Property Management Fees -$99
CASH FLOW
-$17

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.

$280,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.43%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$17,546

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,420

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4303$1,4754$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 11286 W Del Rio Lane Avondale, 2
    • 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.89
    •  
  • 11388 W Mountain View Drive Avondale, 1
    • 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 11567 W Rio Vista Lane Avondale, 3
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2010
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
  • 2508 S 115th Drive Avondale, 4
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 2010
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 11159 W Del Rio Lane Avondale, 5
    • 4 beds 2 baths ∙ 1,723 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,723 Sqft ∙ Built 2003
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
PROPERTY LISTING DETAILS
Benjamin Arredondo
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122349
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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