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11583 W Alvarado Road Avondale, AZ 85392

4 Beds 3 Baths 2,138 sqft Built 1997

$320,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $149.67
  • 4 Days on Market
  • MLS # : 6178467
  • Updated Date : 03/11/2021 at 18:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,138 sqft
  • Baths : 3 full
Listing Agent

The Offer Company

Listing Agent's Description

Looking for a charming home in Avondale? Look no further! This newly painted inside and out two story home could be yours today! The immaculate floor plan provides formal living & dining rooms, neutral color paint & tile for a bright feel, 4 bed, 3 bath with a full bath down stairs, a built-in media center in the family room, and a cozy loft. The fabulous kitchen comes with a water softener and is perfect to practice your cooking skills with it's all matching black appliances and it's plethora of cabinets. Adorable main bedroom offers walk-in closet and full bath with a tub/shower combination. In backyard, relax under the covered patio or on the grass area. This home is surely to go fast!! Come to see it and start packing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Palm Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8041567

* 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
Westview High School High Regular 2,456 94 2

Westview High School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,111
Property Tax -$255
Property Insurance -$69
HOA -$53
Property Management Fees -$99
CASH FLOW
-$58

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.

$320,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,625

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5303$1,5504$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 11583 W Alvarado Road Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.72
    •  
  • 12002 W Holly Street Avondale, AZ 1
    • 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2000
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 11317 W Holly Street Avondale, AZ 3
    • 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
    •  
  • 11306 W Monte Vista Road Avondale, AZ 4
    • 4 beds 2 baths ∙ 2,169 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,169 Sqft ∙ Built 2008
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
  • 11321 W Citrus Grove Way Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1989
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jermaine O Miller
The Offer Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178467
Last Updated: 03/11/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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