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12201 W Apache Street Avondale, AZ 85323

4 Beds 4 Baths 2,235 sqft Built 2004

$355,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $158.84
  • 7 Days on Market
  • MLS # : 6163937
  • Updated Date : 11/23/2020 at 18:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,235 sqft
  • Baths : 3 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

This is a fantastic home that you will absolutely love. It has been well maintained and has great upgrades and features all over. Starting with a Jr. Master bedroom and master bathroom, the HVAC unit is brand new. The first think you'll notice is the great curb appeal. The landscaping is easy to maintain and the back yard offers covered patio and tons of space to relax, entertain, or even build a swimming pool. Your new kitchen has a large dining area, upgraded cabinets, granite countertops, track lighting, pantry and a breakfast bar. Tile flooring through all the main living areas. Spacious bedrooms upstairs and den downstairs that could be another bedroom. Come take a look for yourself. You will not be disappointed one bit. Thanks for stopping by for a look.

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
 

$319,500$390,500$355,000

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 -$1,310
Property Tax -$254
Property Insurance -$71
HOA -$65
Property Management Fees -$99
CASH FLOW
-$309

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.

$355,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.42%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,320

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
  • $1,648

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,4903$1,4954$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 12201 W Apache Street Avondale, AZ 2
    • 4 beds 4 baths ∙ 2,235 Sqft ∙ Built 2004 4 beds 4 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
    •  
  • 1506 S 122nd Lane Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.67
    •  
  • 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
Ruben Luna
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163937
Last Updated: 11/23/2020
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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