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11363 W Apache Street Avondale, AZ 85323

3 Beds 3 Baths 1,297 sqft Built 2002

INVESTimate

$234,900

List Price

$1,240

$1,116 - $1,364

Rent Est.

$258,484  ( +10.04%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $181.11
  • 9 Days on Market
  • MLS # : 6119019
  • Updated Date : 08/25/2020 at 14:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,297 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

VACANT!! Come see this two story home in Fieldcrest! This home offers a NEW A/C UNIT, fresh interior paint and new carpet. The kitchen features granite countertops, stainless steel appliances and ample cabinet and counter space. Half bathroom on the main floor for guests' convenience. The primary bedroom, two additional bedrooms and full bathrooms as well as the laundry located on the second floor. The primary bedroom has an ensuite bathroom and walk in closet. Fenced backyard with grass and a small patio, great for pets. Community amenities include parks and a pool. Close to schools, shopping, dining, and the freeway. View today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fieldcrest

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k271k

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

Neighborhood: Fieldcrest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7821567

* 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
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$867
Property Tax -$168
Property Insurance -$52
HOA -$66
Property Management Fees -$99
CASH FLOW
-$12

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.

$234,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.04%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$14,652

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
  • $1,239

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2253$1,2954$1,3005$1,325
$1,325
RENT COMPS ANALYSIS
  • 11363 W Apache Street Avondale, 1
    • 3 beds 3 baths ∙ 1,297 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,297 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11360 W Yavapai Street Avondale, 2
    • 3 beds 3 baths ∙ 1,368 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,368 Sqft ∙ Built 2002
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.90
    •  
  • 11387 W Pima Street Avondale, 3
    • 3 beds 3 baths ∙ 1,297 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,297 Sqft ∙ Built 2002
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.00
    •  
  • 1921 S 113th Drive Avondale, 4
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.95
    •  
  • 11413 W Yavapai Street Avondale, 5
    • 3 beds 3 baths ∙ 1,368 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,368 Sqft ∙ Built 2002
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.97
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119019
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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