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12426 W Flanagan Street Avondale, AZ 85323

3 Beds 3 Baths 1,707 sqft Built 2004

$285,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $166.96
  • 2 Days on Market
  • MLS # : 6173072
  • Updated Date : 12/19/2020 at 13:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,707 sqft
  • Baths : 2 full , 1 half
Listing Agent

Greg Patt Real Estate

Listing Agent's Description

Move in Ready, recently painted in and out. 3 bedrooms 2.5 baths. Multiple flooring surfaces throughout including tile, Pergo, carpet and linoleum. Large extended patio for entertaining or for shooting Hoops. There is a gas stubout for a grill next to the patio. The breakfast bar for quick bites is a nice feature. There are HD storage racks in the garage.. The owned security system stays and the upstairs laundry room is a plus.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Diamond Ridge Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Diamond Ridge Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8211567

* 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,052
Property Tax -$204
Property Insurance -$60
HOA -$18
Property Management Fees -$99
CASH FLOW
-$63

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.

$285,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.1%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,429

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,498

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3703$1,3954$1,3955$1,525
$1,525
RENT COMPS ANALYSIS
  • 12426 W Flanagan Street Avondale, AZ 2
    • 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.80
    •  
  • 12180 W Yuma Street Avondale, AZ 1
    • 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2003
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.86
    •  
  • 12230 W Maricopa Street Avondale, AZ 3
    • 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
    •  
  • 12418 W Yuma Street Avondale, AZ 4
    • 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 12530 W Hadley Street Avondale, AZ 5
    • 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.91
    •  
PROPERTY LISTING DETAILS
Greg Patt
Greg Patt Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173072
Last Updated: 12/19/2020
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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