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11963 W Cocopah Street Avondale, AZ 85323

3 Beds 3 Baths 2,235 sqft Built 2003

$330,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $147.65
  • 3 Days on Market
  • MLS # : 6212192
  • Updated Date : 03/25/2021 at 21:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,235 sqft
  • Baths : 2 full , 1 half
Listing Agent

Frank Bennett Realty

Listing Agent's Description

Welcome home to this spacious 3 bedroom 2.5 bath plus den. Lots of room in this open floor plan that has a massive loft/family room upstairs. The large open kitchen has lots of cabinet and counter space plus a large eat in dining area and walk in pantry. Recent improvements include new carpet and paint and the home is move-in ready. Exterior features are a huge backyard, covered patio for the bbq and a 2 car garage. Terrific Cambridge Estates neighborhood. Buyer to verify all info.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cambridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Cambridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8051567

* 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,146
Property Tax -$236
Property Insurance -$71
HOA -$65
Property Management Fees -$99
CASH FLOW
$13

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.

$330,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$19,207

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,838

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,7003$1,7954$1,7995$1,850
$1,850
RENT COMPS ANALYSIS
  • 11963 W Cocopah Street Avondale, AZ 1
    • 3 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.73
    •  
  • 1410 S 119th Lane Avondale, AZ 2
    • 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2001
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
  • 1310 S 119th Drive Avondale, AZ 3
    • 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2001
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
  • 1506 S 122nd Lane Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002
    LEASED 03/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.80
    •  
  • 11721 W Hadley Street Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2004
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
PROPERTY LISTING DETAILS
Frank Bennett Jr
Frank Bennett Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212192
Last Updated: 03/25/2021
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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