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11718 W Cocopah Street Avondale, AZ 85323

5 Beds 3 Baths 2,902 sqft Built 2004

$399,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $137.80
  • 5 Days on Market
  • MLS # : 6198238
  • Updated Date : 02/25/2021 at 00:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,902 sqft
  • Baths : 2 full , 1 half
Listing Agent

American Allstar Realty

Listing Agent's Description

Amazing remodel on this beautiful home. Luxurious plank tile throughout. Top of the line quartz countertops, updated kitchen cabinets with upgraded hardware. Completely remodeled bathrooms with new fixtures, modern mirrors and hardware. Custom theater room for entertaining. Newly resurfaced backyard pool that is perfect for cooling off on the hot summer days and relaxing with friends and family! Hurry to this one. This same professional renovation group recently sold another property in PHX that attracted so much attention it broke records at our brokerage, and final price was 10% above asking. These guys do it right!

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
La Joya Community High School High Regular 2,051 84 1

La Joya Community High School

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

$359,910$439,890$399,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,389
Property Tax -$286
Property Insurance -$84
HOA -$59
Property Management Fees -$99
CASH FLOW
-$267

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.

$399,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.41%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$5,150

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7993$1,8954$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 11718 W Cocopah Street Avondale, AZ 1
    • 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.57
    •  
  • 11582 W Cocopah Street Avondale, AZ 2
    • 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 3
    • 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
    •  
  • 710 S 118th Lane Avondale, AZ 4
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2004
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.62
    •  
  • 11876 W Sherman Street Avondale, AZ 5
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2004
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.69
    •  
PROPERTY LISTING DETAILS
Paul Whittle
American Allstar Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198238
Last Updated: 02/25/2021
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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