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12563 W Osborn Road Avondale, AZ 85392

4 Beds 2 Baths 2,155 sqft Built 2001

$310,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $143.85
  • 1 Days on Market
  • MLS # : 6155364
  • Updated Date : 11/02/2020 at 20:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,155 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Fantastic single level Shea home in Corte Sierra that is ready to be yours. Tile in all of the right places, a spacious kitchen for gatherings, and a master closet that is unrivaled in this size of home are only a few of the reasons to make an appointment to see this great home today. You will not be disappointed in this showing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Corte Sierra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Corte Sierra

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
Corte Sierra Elementary School Primary Regular 828 37 7
Wigwam Creek Middle School Middle Regular 927 39 8
Agua Fria High School High Regular 1,725 92 4

Corte Sierra Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 37
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

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,144
Property Tax -$189
Property Insurance -$69
HOA -$52
Property Management Fees -$99
CASH FLOW
$108

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

$1,660

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.2%
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

7.42

YEARS SAVED

$33,705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,670

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5453$1,6494$1,6505$1,660
$1,660
RENT COMPS ANALYSIS
  • 12563 W Osborn Road Avondale, AZ 5
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.77
    •  
  • 12605 W Cheery Lynn Road Avondale, AZ 1
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2001
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.73
    •  
  • 12630 W Monterey Way Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2002
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.76
    •  
  • 12629 W Indianola Avenue Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2001
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.79
    •  
  • 3601 N 127th Drive Avondale, AZ 4
    • 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2000
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
PROPERTY LISTING DETAILS
Nic Silvester
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155364
Last Updated: 11/02/2020
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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