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11752 W Hopi Street Avondale, AZ 85323

3 Beds 2 Baths 1,466 sqft Built 2004

$279,900

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $190.93
  • 4 Days on Market
  • MLS # : 6186858
  • Updated Date : 01/30/2021 at 03:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,466 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Tons of potential on this 3 bedroom Ryland Home with pool. Step inside to soaring ceilings for light open feel. Large greatroom. Nice kitchen with tons of counter and cabinet space Kitchen island with additional storage. Spacious and open floorplan with kitchen opening to greatroom and dining area. Main bedroom is split from other 2 bedrooms. Use your imagination and you can turn the backyard into your own private oasis. Fenced pool and still plenty of space for play area or pet area. Great location just minutes from freeway, shopping and entertainment.

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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$972
Property Tax -$200
Property Insurance -$56
HOA -$52
Property Management Fees -$99
CASH FLOW
-$119

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.

$279,900

PROJECTED PRICE

$1,260

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,281

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,360

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3253$1,3954$1,4495$1,475
$1,475
RENT COMPS ANALYSIS
  • 11752 W Hopi Street Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.86
    •  
  • 11413 W Yavapai Street Avondale, AZ 2
    • 3 beds 3 baths ∙ 1,368 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,368 Sqft ∙ Built 2002
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.97
    •  
  • 11749 W Chase Lane Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2016
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 11614 W Hopi Street Avondale, AZ 4
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2004
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.94
    •  
  • 11567 W Rio Vista Lane Avondale, AZ 5
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2010
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.90
    •  
PROPERTY LISTING DETAILS
Joelle E Baker
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186858
Last Updated: 01/30/2021
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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