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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Coldwater Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coldwater Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
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
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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
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517 S 115th Drive Avondale, AZ 1
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LEASED 08/13/20- Rent
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- $1,695
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-
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
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-
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LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.90
PROPERTY LISTING DETAILS
Az Cornerstone Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174524
Last Updated: 12/26/2020
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.
