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11523 W Aster Lane Avondale, AZ 85392

3 Beds 2 Baths 1,590 sqft Built 1986

$322,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $202.52
  • 2 Days on Market
  • MLS # : 6213212
  • Updated Date : 03/27/2021 at 14:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,590 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Garden Lakes Home on Oversized lot with RV gates for additional parking and sparkling pool for the hot summer months that are coming! Separate living area, combined kitchen and family room with dining area and breakfast bar. Spacious 3 bedrooms and 2 full baths plus inside laundry room. Backyard has fenced in pool, large cool deck area and covered patio. Separate grass area. Great location!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Horizons West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $100k288k

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

Neighborhood: Horizons West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8421607

* 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
 

$289,800$354,200$322,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,118
Property Tax -$257
Property Insurance -$58
HOA -$11
Property Management Fees -$99
CASH FLOW
-$223

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.

$322,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.3%
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

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$91,080

INVESTMENT

$91,080

Down Payment
$80,500
Rehab Estimate
$5,750
Closing Costs
$4,830

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,118

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,500
Loan Amount $241,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,332

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,4503$1,4994$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 11523 W Aster Lane Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.83
    •  
  • 11512 W Piccadilly Road Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 3833 N Rosewood Avenue Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1987
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.84
    •  
  • 3524 N Crystal Lane Avondale, AZ 4
    • 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 1986
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 3722 N Lavender Lane Avondale, AZ 5
    • 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1987
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
PROPERTY LISTING DETAILS
Phyllis Giordano
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213212
Last Updated: 03/27/2021
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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