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11581 W Yuma Street Avondale, AZ 85323

5 Beds 3 Baths 2,902 sqft Built 2003

$330,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $113.71
  • 2 Days on Market
  • MLS # : 6178782
  • Updated Date : 01/10/2021 at 02:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,902 sqft
  • Baths : 3 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

One of this builders most popular floorplans. Gorgeous layout and extremely spacious for large families. Includes both formal & living Room. Massive loft - Perfect for entertaining or large play area. 5bedrooms, 3 full bathrooms. 5th Bedroom located downstairs. Master Bedroom includes Two Spacious Walk In Closets with spacious bathroom. Spacious Kitchen - great for entertaining w/large breakfast bar overlooking family room. Gorgeous wooden staircase at entry with soaring ceilings. Triple Car Garage with extended driveway. Both A/C Units Replaced in 2018. Home is occupied by original owners and well taken care of. Greenbelt with tot lot at end of the street. Walking distance to both elementary & high schools, fry's grocery, gas and minutes to I-10. A perfect location. A must see.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coldwater Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Coldwater Ridge

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
Estrella Vista Elementary School Primary Regular 965 50 3
Estrella Vista Elementary School Middle Regular 965 50 3
La Joya Community High School High Regular 2,051 84 1

Estrella Vista Elementary School

  • Education Level: Primary
  • # of students: 965
  • # of teachers: 50
3
GreatSchools Rating

Estrella Vista Elementary School

  • Education Level: Middle
  • # of students: 965
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

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

$297,000$363,000$330,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,146
Property Tax -$238
Property Insurance -$84
HOA -$59
Property Management Fees -$99
CASH FLOW
$54

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.

$330,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$22,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7503$1,7954$1,7995$1,895
$1,895
RENT COMPS ANALYSIS
  • 11581 W Yuma Street Avondale, AZ 1
    • 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.58
    •  
  • 605 N 111th Drive Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.66
    •  
  • 1714 S 104th Drive Tolleson, AZ 3
    • 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 2017
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.65
    •  
  • 11582 W Cocopah Street Avondale, AZ 4
    • 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.62
    •  
  • 11237 W Davis Lane Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.68
    •  
PROPERTY LISTING DETAILS
Anna L Blanco Mongoy
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178782
Last Updated: 01/10/2021
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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