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12361 W Harrison Street Avondale, AZ 85323

3 Beds 2 Baths 1,626 sqft Built 2001

$310,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $190.65
  • 2 Days on Market
  • MLS # : 6170656
  • Updated Date : 12/12/2020 at 00:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,626 sqft
  • Baths : 1 full , 1 half
Listing Agent

Cactus Mountain Properties, Llc

Listing Agent's Description

WELCOME HOME!! Fresh paint interior, quartz kitchen counter top and white cabinet, and both vanities, new blinds, and new stainless steal range, microwave, dishwasher, complement a bright kitchen with white cabinetry and stainless-steel appliances. Breakfast bar and separate dining area make this spacious great room the ideal gathering place for family and friends! Owner's retreat is split and has full vanity and separate tub/shower. Bedrooms 2 & 3 share a recently updated full bath with cool white subway tile

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coldwater Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Coldwater Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8201567

* 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
Collier Elementary School Primary Regular 876 50 3
Collier Elementary School Middle Regular 876 50 3
La Joya Community High School High Regular 2,051 84 1

Collier Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

Collier Elementary School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,144
Property Tax -$222
Property Insurance -$59
HOA -$38
Property Management Fees -$99
CASH FLOW
-$132

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.

$310,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.8%
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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,685

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,439

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3953$1,4304$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 12361 W Harrison Street Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.88
    •  
  • 12396 W Sherman Street Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2003
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.90
    •  
  • 326 S 126th Avenue Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 12391 W Grant Street Avondale, AZ 4
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 12502 W Sherman Street Avondale, AZ 5
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
PROPERTY LISTING DETAILS
Fong Denison
Cactus Mountain Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170656
Last Updated: 12/12/2020
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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