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11633 W Jackson Street Avondale, AZ 85323

3 Beds 2 Baths 1,575 sqft Built 2006

$280,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $177.78
  • 3 Days on Market
  • MLS # : 6181240
  • Updated Date : 01/17/2021 at 04:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

Bloodhoundrealty.com

Listing Agent's Description

How do you make a house a home? Start with a thoroughly livable floor plan, then upgrade it with just the right touches. This 3-bedroom home is versatile and roomy with a practical elegance everywhere you look; a living room plus a family room to keep life's complications separated. The kitchen is lived-in, to be fair, but it is eminently livable: Plenty of spacious cabinets, a deep sink and and island with a breakfast bar. This home is an easy walk to the Collier School or to the top-rated Legacy Charter School. With the I-10 and the SR-101 nearby, the entire Valley is at your feet - with a brand new freeway exit to make your drive a breeze. This is the house you've been yearning for. Snag it before someone else does.

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PRICE & RENT TRENDS

Neighborhood: Coldwater Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Coldwater Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8201567

* 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
Collier Elementary School Primary Regular 876 50 3
Collier Elementary School Middle Regular 876 50 3
La Joya Community High School High Regular 2,051 84 1

Collier Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

Collier Elementary School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$973
Property Tax -$200
Property Insurance -$58
HOA -$42
Property Management Fees -$99
CASH FLOW
-$12

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.

$280,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.8%
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-$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$14,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,362

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,3504$1,3505$1,360
$1,360
RENT COMPS ANALYSIS
  • 11633 W Jackson Street Avondale, AZ 5
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.86
    •  
  • 11618 W Madison Street Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2006
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.85
    •  
  • 11621 W Madison Street Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2006
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 11851 W Washington Street Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2004
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.89
    •  
  • 11621 W Jackson Street Avondale, AZ 4
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2006
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.89
    •  
PROPERTY LISTING DETAILS
Gregory Swann
Bloodhoundrealty.com
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181240
Last Updated: 01/17/2021
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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