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12605 W Columbus Avenue Avondale, AZ 85392

3 Beds 3 Baths 1,922 sqft Built 2001

$304,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $158.64
  • 2 Days on Market
  • MLS # : 6173168
  • Updated Date : 12/19/2020 at 16:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,922 sqft
  • Baths : 2 full , 1 half
Listing Agent

Trade Realty Llc

Listing Agent's Description

An absolutely outstanding gem located in the highly sought-after Corte Sierra community! The spacious, open floor plan is both flowing and functional, bathed in natural light. A well-appointed kitchen presents loads of cabinets and countertop space, large pantry and kitchen island opening to a sizable great room with soaring vaulted ceilings and all tile flooring. Newer AC unit and Andersen windows throughout a good portion of the home. Retreat to the generous master suite offering a cozy gas fireplace, designated sitting area, separate shower and soaking tub, dual sinks and a large walk-in closet. The sizable backyard is perfect for relaxing and entertaining with a covered patio, built in firepit and north/south exposure. An unbeatable location adjacent to the greenbelt with sports court,

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
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,125
Property Tax -$185
Property Insurance -$65
HOA -$54
Property Management Fees -$99
CASH FLOW
$2

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.

$304,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.50%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$22,142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,528

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5303$1,5504$1,5755$1,695
$1,695
RENT COMPS ANALYSIS
  • 12605 W Columbus Avenue Avondale, AZ 2
    • 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.80
    •  
  • 12833 W Indianola Avenue Avondale, AZ 1
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 12810 W Fairmount Avenue Avondale, AZ 3
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
  • 12572 W Clarendon Avenue Avondale, AZ 4
    • 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 2002
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.82
    •  
  • 12822 W Fairmount Avenue Avondale, AZ 5
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
PROPERTY LISTING DETAILS
Doreen Hollowell
Trade Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173168
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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