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11555 W La Reata Avenue Avondale, AZ 85392

4 Beds 2 Baths 1,753 sqft Built 2003

$270,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $154.02
  • 2 Days on Market
  • MLS # : 6163536
  • Updated Date : 11/21/2020 at 15:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,753 sqft
  • Baths : 2 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

NICE 4 BEDROOM HOME, NEW CARPET, TILE IN ALL THE RIGHT PLACE'S, CARPET IN LIVING ROOM,FAMILY ROOM AND BEDROOMS. OPEN KITCHEN TO FAMILY ROOM WITH LOTS OF NICE CABINETS AND COUNTER SPACE. LIVING ROOM IS OPEN TO FAMILY ROOM, NICE TILED EAT IN KITCHEN. MASTER IS LARGE WITH BIG WALK IN CLOSET. MASTER BATH HAS DOUBLE SINKS, SEPARATE TUB AND SHOWER. HALL BATH HAS DOUBLE SINKS ALSO, COVERED PATIO, 2 CAR GARAGE W/ OPENER

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Garden Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Garden Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8421567

* 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
Canyon Breeze Elementary School Primary Regular 855 38 4
Canyon Breeze Elementary School Middle Regular 855 38 4
Westview High School High Regular 2,456 94 2

Canyon Breeze Elementary School

  • Education Level: Primary
  • # of students: 855
  • # of teachers: 38
4
GreatSchools Rating

Canyon Breeze Elementary School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 38
4
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$996
Property Tax -$215
Property Insurance -$61
HOA -$64
Property Management Fees -$99
CASH FLOW
-$66

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.

$270,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,468

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,3704$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 11555 W La Reata Avenue Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.78
    •  
  • 11198 W Granada Road Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1999
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 11602 W Sage Drive Avondale, AZ 2
    • 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,564 Sqft ∙ Built 1989
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 11317 W Holly Street Avondale, AZ 4
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2009
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 11619 W Clover Way Avondale, AZ 5
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1991
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
PROPERTY LISTING DETAILS
Andy Fisher
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163536
Last Updated: 11/21/2020
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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