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11568 W Palo Verde Avenue Youngtown, AZ 85363

3 Beds 2 Baths 1,714 sqft Built 2004

$263,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $153.44
  • 2 Days on Market
  • MLS # : 6157496
  • Updated Date : 11/06/2020 at 18:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,714 sqft
  • Baths : 2 full
Listing Agent

Remember Me Realty

Listing Agent's Description

BEAUTIFUL WELL MAINTAINED HOME - DESIRABLE LOCATION! Upgraded kitchen features staggered cabinetry with crown molding, big pantry, breakfast bar, breakfast room (which extends to family room with sliders opening to flagstone patio and yard). Home includes a generously sized living room. There are 3 spacious bedrooms, each with a walk-in closet. Both ensuite bath for owner and hall bath have a tub and large vanities. Plush neural carpet was just installed this week. Exterior painted in 2018. AC/Heating System replaced in 2019. Neighborhood has HOA pocket parks plus city park David C. Uribe is close by. Easy access to the 101 highway. Just minutes to Westgate Entertainment District, Cardinals Stadium, Outlet Mall, Desert Diamond Casino, Wildlife World Zoo. COME SEE YOUR NEW HOME TODAY!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Agua Fria Ranch

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Agua Fria Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6981567

* 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
Luke Elementary School Primary Regular 691 38 3
Luke Elementary School Middle Regular 691 38 3
Dysart High School High Regular 1,604 73 3

Luke Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 38
3
GreatSchools Rating

Luke Elementary School

  • Education Level: Middle
  • # of students: 691
  • # of teachers: 38
3
GreatSchools Rating

Dysart High School

  • Education Level: High
  • # of students: 1,604
  • # of teachers: 73
3
GreatSchools Rating
 

$236,700$289,300$263,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$970
Property Tax -$213
Property Insurance -$61
HOA -$11
Property Management Fees -$99
CASH FLOW
$26

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.

$263,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,445

INVESTMENT

$75,445

Down Payment
$65,750
Rehab Estimate
$5,750
Closing Costs
$3,945

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$970

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,750
Loan Amount $197,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$21,293

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
  • $1,380

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3453$1,3504$1,3505$1,499
$1,499
RENT COMPS ANALYSIS
  • 11568 W Palo Verde Avenue Youngtown, AZ 1
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10180 N 116th Lane Youngtown, AZ 2
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2004
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.78
    •  
  • 11594 W Cinnabar Avenue Youngtown, AZ 3
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 11607 W Duran Avenue Youngtown, AZ 4
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2005
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.78
    •  
  • 11579 W Oglesby Avenue Youngtown, AZ 5
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.87
    •  
PROPERTY LISTING DETAILS
Emmy M Mcleish
Remember Me Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157496
Last Updated: 11/06/2020
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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