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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $126.51
- 3 Days on Market
- MLS # : 6172949
- Updated Date : 12/18/2020 at 16:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,490 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Stop searching! This two-story home here in popular Avondale is the one you have been looking for! You will absolutely love the great curb appeal with veneer accents on the facade, front porch that welcomes you to the door, and easy care gravel landscaping. Step inside this beauty to find a highly upgraded interior complete with 4 bed, 2.5 bath, beautiful wood-like tile, and luxurious light fixtures. Impeccable eat-in kitchen is a cook's delight offering gleaming counter-tops, high-end appliances, pantry, large centered island, and much more. The main bedroom comes with a lavish en-suite bathroom providing dual sinks and a generous walk-in closet. Perfectly sized backyard includes a covered patio ideal to enjoy relaxing afternoons. Look no more. Book an appointment today!
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PRICE & RENT TRENDS
Neighborhood: Desert Springs Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Springs Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$225 | |
| Property Insurance | -$76 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$102
|
||
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.
$315,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 2.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
3.67
YEARS SAVED
$12,518
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,594
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
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- $1,450
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LEASED 06/15/20- Rent
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- $1,500
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822 S 117th Drive Avondale, AZ 4
- 5 beds 3 baths ∙ 2,393 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,393 Sqft ∙ Built 2003
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,545
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12201 W Washington Street Avondale, AZ 5
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LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,595
- $0.69
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172949
Last Updated: 12/18/2020
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.
