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11568 W Citrus Grove Way Avondale, AZ 85392

3 Beds 2 Baths 1,690 sqft Built 1991

$275,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $162.72
  • 3 Days on Market
  • MLS # : 6172968
  • Updated Date : 12/18/2020 at 17:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,690 sqft
  • Baths : 2 full
Listing Agent

Homelogic Real Estate

Listing Agent's Description

GREAT property in the Garden Lakes community! Open concept living! BRIGHT OPEN kitchen & dining area with lots of windows! Living area with cozy fireplace with tile details! Sliding doors lead to the lovely low maintenance backyard with a large EXTENDED paved patio, perfect for stargazing! Large PRIVATE primary bedroom suite upstairs with huge bath with soaking tub, separate shower! 2 additional bedrooms and a bath downstairs! 2 car garage. Close to restaurants, shopping and entertaining! WELCOME HOME!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Garden Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $100k291k

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

Neighborhood: Garden Lakes

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
Garden Lakes Elementary School Primary Regular 951 42 5
Garden Lakes Elementary School Middle Regular 951 42 5
Westview High School High Regular 2,456 94 2

Garden Lakes Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 42
5
GreatSchools Rating

Garden Lakes Elementary School

  • Education Level: Middle
  • # of students: 951
  • # of teachers: 42
5
GreatSchools Rating

Westview High School

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

$247,500$302,500$275,000

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 -$1,015
Property Tax -$219
Property Insurance -$60
HOA -$10
Property Management Fees -$99
CASH FLOW
-$3

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.

$275,000

PROJECTED PRICE

$1,400

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,350

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,432

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,4504$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 11568 W Citrus Grove Way Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 11512 W Piccadilly Road Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1994
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 3722 N Lavender Lane Avondale, AZ 4
    • 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 1987
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 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
Timothy J Cusick
Homelogic Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172968
Last Updated: 12/18/2020
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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