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11381 W Lincoln Street Avondale, AZ 85323

4 Beds 2 Baths 1,804 sqft Built 2006

$305,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $169.07
  • 2 Days on Market
  • MLS # : 6174670
  • Updated Date : 12/26/2020 at 16:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,804 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

This 4 bedrooms 2 bathrooms home features 1804 square feet of finished living space, ideal location!! Easy access to I-10 Freeway, shopping, restaurants, entertainment, schools, and more. Relax in the large Master En-Suite that features double sinks, a separate shower and tub, and a walk-in closet.

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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,125
Property Tax -$218
Property Insurance -$62
HOA -$80
Property Management Fees -$99
CASH FLOW
-$145

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.

$305,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.47%

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-$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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,040

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,443

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4753$1,4954$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 11381 W Lincoln Street Avondale, AZ 1
    • 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.80
    •  
  • 11733 W Sherman Street Avondale, AZ 2
    • 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 11738 W Sherman Street Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,896 Sqft ∙ Built 2004
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 11613 W Tonto Street Avondale, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Dorrie J Sauerzopf
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174670
Last Updated: 12/26/2020
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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