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12170 W Joblanca Road Avondale, AZ 85323

4 Beds 3 Baths 1,856 sqft Built 2002

$274,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $147.63
  • 2 Days on Market
  • MLS # : 6168171
  • Updated Date : 12/05/2020 at 11:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,856 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Nice curb appeal, shade treeS are dormant.This home has new paint throughout with gray tones. New light gray carpeting, new gray tone tile in all the right places. There is a sitting area or study as you enter, arches divide it from a comfortable living room, There is a tiled dining are just before the kitchen. The stainless steel appliances are new, including a side by side refrigerator with built in water and ice dispenser, flat top range, built in microwave, dishwasher, The counter tops are new, new cordless blinds throughout. All bedrooms and laundry area are up stairs, enjoy your visit, this could be home. This property is NOT a flip, The seller may be doing a 1031 exchange with NO cost or affect to the buyer.

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
 

$246,600$301,400$274,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,011
Property Tax -$196
Property Insurance -$63
HOA -$65
Property Management Fees -$99
CASH FLOW
-$34

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.

$274,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,360

INVESTMENT

$78,360

Down Payment
$68,500
Rehab Estimate
$5,750
Closing Costs
$4,110

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,500
Loan Amount $205,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$15,337

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,531

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4494$1,5005$1,585
$1,585
RENT COMPS ANALYSIS
  • 12170 W Joblanca Road Avondale, AZ 2
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.75
    •  
  • 12230 W Maricopa Street Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 11821 W Belmont Drive Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 2004
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.86
    •  
  • 817 S 122nd Avenue Avondale, AZ 4
    • 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.78
    •  
  • 12222 W Tonto Street Avondale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jim R Ernst
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168171
Last Updated: 12/05/2020
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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