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11422 W Davis Lane Avondale, AZ 85323

4 Beds 2 Baths 1,834 sqft Built 2004

$299,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $163.52
  • 15 Days on Market
  • MLS # : 6163755
  • Updated Date : 11/29/2020 at 23:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,834 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Do not miss this nice single story house 4 bed, 2 bath, separate family/living room 2 car garage ,large backyard, with covered patio in prime Avondale location , Fresh paint, new carpet, and new stainless all appliances. Easy access to school, shopping, and Free-ways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Durango Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Durango Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8061567

* 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
Quentin Elementary School Primary Regular 979 52 2
Quentin Elementary School Middle Regular 979 52 2
La Joya Community High School High Regular 2,051 84 1

Quentin Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 52
2
GreatSchools Rating

Quentin Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 52
2
GreatSchools Rating

La Joya Community High School

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

$269,910$329,890$299,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,107
Property Tax -$215
Property Insurance -$63
HOA -$46
Property Management Fees -$99
CASH FLOW
-$129

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.

$299,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,081

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4754$1,5495$1,650
$1,650
RENT COMPS ANALYSIS
  • 11422 W Davis Lane Avondale, AZ 2
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 11388 W Mountain View Drive Avondale, AZ 1
    • 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 2004
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 11567 W Rio Vista Lane Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2010
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
  • 11795 W Apache Street Avondale, AZ 4
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2005
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.79
    •  
  • 11253 W Davis Lane Avondale, AZ 5
    • 4 beds 2 baths ∙ 2,016 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,016 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
PROPERTY LISTING DETAILS
Mohammed A Munir
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163755
Last Updated: 11/29/2020
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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