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11555 W Buchanan St Street Avondale, AZ 85323

3 Beds 2 Baths 1,821 sqft Built 2005

$315,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $172.98
  • 3 Days on Market
  • MLS # : 6174524
  • Updated Date : 12/26/2020 at 21:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,821 sqft
  • Baths : 2 full
Listing Agent

Az Cornerstone Realty, Llc

Listing Agent's Description

Single Level very well maintained home with Separate Living Room and Family Room. You will love the wood laminate flooring throughout the home. Tile in the bathrooms and laundry. Spacious kitchen with plenty of drawer and cabinet space + Island. Built-in wall oven and glass top electric stove. Beautiful Oak Wood Cabinets! lighting fixtures throughout the home. Master bath features large walk in Shower with two shower heads. Master bedroom with bay windows and large walk in closet. Backyard has been professionally designed with oversized covered patio and is low maintenance desert landscaped. Come see this great home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coldwater Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Coldwater Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8201567

* 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
Collier Elementary School Primary Regular 876 50 3
Collier Elementary School Middle Regular 876 50 3
La Joya Community High School High Regular 2,051 84 1

Collier Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

Collier Elementary School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,162
Property Tax -$225
Property Insurance -$63
HOA -$41
Property Management Fees -$99
CASH FLOW
-$30

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.

$315,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.8%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,034

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,602

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5603$1,6954$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 11555 W Buchanan St Street Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.86
    •  
  • 517 S 115th Drive Avondale, AZ 1
    • 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
    •  
  • 110 N 118th Avenue Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,821 Sqft ∙ Built 2005
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 11718 W Grant Street Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2005
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 11713 W Lincoln Street Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
PROPERTY LISTING DETAILS
Diego F Rios
Az Cornerstone Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174524
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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