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12029 W Hopi Street Avondale, AZ 85323

4 Beds 3 Baths 2,235 sqft Built 2003

$299,999

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $134.23
  • 6 Days on Market
  • MLS # : 6153182
  • Updated Date : 11/02/2020 at 16:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,235 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Big opportunity to own the biggest Yard in the neighborhood! Almost half acre Property1 Large home ready for your own upgrades to be done. Investor property for great rental or Fix up to live in the neighborhood. Great Discounted Deal! Check it out before its gone!

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
Estrella Vista Elementary School Primary Regular 965 50 3
Estrella Vista Elementary School Middle Regular 965 50 3
La Joya Community High School High Regular 2,051 84 1

Estrella Vista Elementary School

  • Education Level: Primary
  • # of students: 965
  • # of teachers: 50
3
GreatSchools Rating

Estrella Vista Elementary School

  • Education Level: Middle
  • # of students: 965
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

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

$269,999$329,999$299,999

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,107
Property Tax -$215
Property Insurance -$71
HOA -$75
Property Management Fees -$99
CASH FLOW
-$86

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.

$299,999

PROJECTED PRICE

$1,480

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$12,778

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,626

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,4953$1,6204$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 12029 W Hopi Street Avondale, AZ 1
    • 3 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.66
    •  
  • 1506 S 122nd Lane Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.67
    •  
  • 2114 S 114th Avenue Avondale, AZ 3
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2003
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.68
    •  
  • 1410 S 119th Lane Avondale, AZ 4
    • 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2001
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
  • 12225 W Flanagan Street Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
PROPERTY LISTING DETAILS
Rodrigo Alejandro Martinez Salazar
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153182
Last Updated: 11/02/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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