Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12374 W Roma Avenue Avondale, AZ 85392

3 Beds 3 Baths 2,470 sqft Built 2005

$310,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $125.51
  • 2 Days on Market
  • MLS # : 6174430
  • Updated Date : 12/26/2020 at 14:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,470 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exit Realty Sun City

Listing Agent's Description

Come see this beautiful two story home in Rio Crossing that is nestled within a quiet, tranquil community and just a two minute walk to the neighborhood park. It is well kept and ready to move in. This 2470 sq ft home has a wonderful layout, with a great family room that opens to a kitchen with island, 3 upstairs bedrooms, with a huge master suite, with walk in closet and 2.5 baths, Exterior was freshly paint in 2020. Solar. Gorgeous backyard with brick pavers, excellent for entertaining, BBQ, sitting or just enjoying life.Enjoy easy access to the 101 and I-10 freeways with just a short drive to Wigwam Resort, Spring Training, Westgate Entertainment District, tons of shopping, dining, and sporting. This turn-key property wont stay on the market for long.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rio Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Rio Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8421567

* 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
L. Thomas Heck Middle School Primary Regular 735 34 7
Wigwam Creek Middle School Middle Regular 927 39 8
Agua Fria High School High Regular 1,725 92 4

L. Thomas Heck Middle School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

Wigwam Creek Middle School

  • Education Level: Middle
  • # of students: 927
  • # of teachers: 39
8
GreatSchools Rating

Agua Fria High School

  • Education Level: High
  • # of students: 1,725
  • # of teachers: 92
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,144
Property Tax -$196
Property Insurance -$75
HOA -$24
Property Management Fees -$99
CASH FLOW
$112

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$310,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

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 40% 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

7.5

YEARS SAVED

$34,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,822

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,7954$1,8005$2,000
$2,000
RENT COMPS ANALYSIS
  • 12374 W Roma Avenue Avondale, AZ 1
    • 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.67
    •  
  • 12351 W Glenrosa Avenue Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.68
    •  
  • 12352 W Heatherbrae Drive Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.73
    •  
  • 12376 W Devonshire Avenue Avondale, AZ 4
    • 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.73
    •  
  • 12379 W Glenrosa Avenue Avondale, AZ 5
    • 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,470 Sqft ∙ Built 2005
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
PROPERTY LISTING DETAILS
Denise Marie King
Exit Realty Sun City
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174430
Last Updated: 12/26/2020
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.

BESbswy