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1211 S 119th Drive Avondale, AZ 85323

5 Beds 3 Baths 2,235 sqft Built 2004

$265,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $118.57
  • 5 Days on Market
  • MLS # : 6148092
  • Updated Date : 11/05/2020 at 17:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,235 sqft
  • Baths : 3 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Beautiful property in a highly desirable Avondale Community. Close to shopping, Gyms and only minutes from the Freeway. The front yard has synthetic grass for easy maintenance. There are 4 bedrooms upstairs, 1 down starts the laundry room is upstairs for convenience, and a large loft for extra living space. Just take a quick walk down the street to enjoy the community pool during those HOT summer months. Come down and take a look at this great home.

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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$978
Property Tax -$190
Property Insurance -$71
HOA -$65
Property Management Fees -$99
CASH FLOW
$88

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.

$265,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.56%

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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$26,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,637

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4903$1,5454$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 1211 S 119th Drive Avondale, AZ 2
    • 5 beds 3 baths ∙ 2,235 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,235 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.67
    •  
  • 518 S 120th Avenue Avondale, AZ 1
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2002
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.72
    •  
  • 822 S 117th Drive Avondale, AZ 3
    • 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
    • $0.65
    •  
  • 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
    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
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
PROPERTY LISTING DETAILS
Hector Meraz
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6148092
Last Updated: 11/05/2020
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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