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11374 W Lincoln Street Avondale, AZ 85323

3 Beds 3 Baths 2,479 sqft Built 2005

$335,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $135.14
  • 3 Days on Market
  • MLS # : 6159526
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,479 sqft
  • Baths : 3 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

Gorgeous move in ready home! Come see for yourself; home features 3 spacious bedrooms, 2.5 bath, powder room conveniently located on bottom floor. Open concept kitchen, nicely upgraded kitchen, Quartz counters, new flooring and carpet in bedrooms, quaint two tone paint throughout. Home sits on an oversized lot featuring RV gate, pavers, beautiful flowerbed, lush natural grass and mature landscaping. Home is in close proximity to schools, shopping, dining, sports arenas and easy access to major freeways. You have to come see for yourself; you won't be disappointed!

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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,236
Property Tax -$240
Property Insurance -$76
HOA -$80
Property Management Fees -$99
CASH FLOW
-$240

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.

$335,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.44%

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$10k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$5,101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5003$1,5404$1,6155$1,750
$1,750
RENT COMPS ANALYSIS
  • 11374 W Lincoln Street Avondale, AZ 1
    • 3 beds 3 baths ∙ 2,479 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,479 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.60
    •  
  • 814 S 117th Drive Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.65
    •  
  • 418 S 112th Drive Avondale, AZ 3
    • 3 beds 3 baths ∙ 2,479 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,479 Sqft ∙ Built 2005
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.62
    •  
  • 121 N 110th Drive Avondale, AZ 4
    • 4 beds 2 baths ∙ 2,319 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,319 Sqft ∙ Built 2006
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,615
    • $0.70
    •  
  • 605 N 111th Drive Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.66
    •  
PROPERTY LISTING DETAILS
Luisa Ortega
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159526
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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