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11317 W Buchanan Street Avondale, AZ 85323

4 Beds 2 Baths 1,977 sqft Built 2006

$336,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $170.41
  • 3 Days on Market
  • MLS # : 6160145
  • Updated Date : 11/13/2020 at 11:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,977 sqft
  • Baths : 2 full
Listing Agent

Macomber & Macomber R.e

Listing Agent's Description

THIS IS A PERFECT BLEND OF CLASSIC CHARM WITH TODAY'S OPEN FLOOR PLAN. YOU'LL BE ''WOWED'' FROM THE MOMENT YOU ARRIVE. FEATURING 4BR, 2BA,CHEFS KITCHEN, LARGE MASTER ENSUITE, BEAUTIFUL GAZEBO WITH FIREPLACE, THIS IS AN ENTERTAINERS DREAM.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: CW Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k278k

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

Neighborhood: CW Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8341567

* 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
Littleton Elementary School Primary Regular 813 58 2
Littleton Elementary School Middle Regular 813 58 2
La Joya Community High School High Regular 2,051 84 1

Littleton Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 58
2
GreatSchools Rating

Littleton Elementary School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 58
2
GreatSchools Rating

La Joya Community High School

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

$303,210$370,590$336,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,243
Property Tax -$241
Property Insurance -$66
HOA -$80
Property Management Fees -$99
CASH FLOW
-$279

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.

$336,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,029

INVESTMENT

$95,029

Down Payment
$84,225
Rehab Estimate
$5,750
Closing Costs
$5,054

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,225
Loan Amount $252,675
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,618

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,641

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5004$1,5255$1,695
$1,695
RENT COMPS ANALYSIS
  • 11317 W Buchanan Street Avondale, AZ 1
    • 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 11613 W Tonto Street Avondale, AZ 2
    • 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2004
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 517 S 115th Drive Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2003
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 11162 W Tonto Street Avondale, AZ 4
    • 4 beds 3 baths ∙ 1,806 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,806 Sqft ∙ Built 2005
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 11718 W Grant Street Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2005
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
PROPERTY LISTING DETAILS
Mark Macomber
Macomber & Macomber R.e
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160145
Last Updated: 11/13/2020
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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