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11348 W Primrose Drive Avondale, AZ 85392

3 Beds 3 Baths 2,501 sqft Built 1993

$359,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $143.54
  • 1 Days on Market
  • MLS # : 6191061
  • Updated Date : 02/07/2021 at 01:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,501 sqft
  • Baths : 2 full , 1 half
Listing Agent

Crown Realty

Listing Agent's Description

2 Story home with pool Located in the Beautiful Lake Community of Garden Lakes. Close to Shopping and the University of Phoenix Stadium. This is 3 bedroom 2 1/2 bath home, eat-in kitchen and formal dining off kitchen and formal living room. Powder room downstairs, 2-1/2 car garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Garden Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $100k291k

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

Neighborhood: Garden Lakes

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
Westview High School High Regular 2,456 94 2

Westview High School

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

$323,100$394,900$359,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,247
Property Tax -$287
Property Insurance -$76
HOA -$10
Property Management Fees -$99
CASH FLOW
-$108

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.

$359,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$12,548

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
  • $1,744

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5994$1,7505$1,995
$1,995
RENT COMPS ANALYSIS
  • 11348 W Primrose Drive Avondale, AZ 1
    • 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,501 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11534 W Dana Lane Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1995
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.65
    •  
  • 11120 W Campbell Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.69
    •  
  • 11318 W Rosewood Drive Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 1993
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
  • 3320 N Lakeshore Court Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 1993
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
PROPERTY LISTING DETAILS
Heidi B Echeverri
Crown Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191061
Last Updated: 02/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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