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11813 W Joblanca Road Avondale, AZ 85323

4 Beds 2 Baths 1,753 sqft Built 2004

$299,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $170.56
  • 3 Days on Market
  • MLS # : 6189965
  • Updated Date : 02/06/2021 at 22:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,753 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Come by and see this 3 Bedroom + Den, 2 Bath home located on a park lined cul-de-sac street. This very desirable split floorplan home that offers tons of privacy including great upgrades thru out, vaulted ceilings, tiled flooring n the high traffic areas plus washer & dryer included. Open kitchen with stainless steel appliances + fridge included, attractive cabinets, convenient pantry and eat in breakfast bar that leads into large, open concept great room. Enjoy a over sized master bedroom has a great walk in closet, separate shower and tub, double sinks that offers total privacy from the other bedrooms. Den can easily be turned into the 4th bedroom. This home has a 2 car garage with water softener. Low maintenance backyard makes home ownership a breeze. Easy to view today.

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,039
Property Tax -$214
Property Insurance -$61
HOA -$58
Property Management Fees -$99
CASH FLOW
-$161

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.

$299,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.44%

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

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,859

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,473

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5493$1,5854$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 11813 W Joblanca Road Avondale, AZ 1
    • 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11795 W Apache Street Avondale, AZ 2
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.79
    •  
  • 12222 W Tonto Street Avondale, AZ 3
    • 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2003
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.83
    •  
  • 12171 W Chase Lane Avondale, AZ 4
    • 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2007
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 810 S 119th Avenue Avondale, AZ 5
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 2003
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jennifer J Polansky
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189965
Last Updated: 02/06/2021
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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