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

12670 W Hollyhock Drive Avondale, AZ 85392

4 Beds 3 Baths 2,138 sqft Built 2001

$349,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $163.66
  • 2 Days on Market
  • MLS # : 6209864
  • Updated Date : 03/20/2021 at 00:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,138 sqft
  • Baths : 2 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

Location location, a chance to own a home that's ready to make yours in Avondale. Pebble tec Pool, brand new AC unit 6 months old, corner lot, ready for you to make it home!

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
Wigwam Creek Middle School Middle Regular 927 39 8
Agua Fria High School High Regular 1,725 92 4

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,215
Property Tax -$226
Property Insurance -$69
HOA -$53
Property Management Fees -$99
CASH FLOW
$17

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.

$349,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.48%

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$1.2M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$21,957

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,689

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,6504$1,7355$1,800
$1,800
RENT COMPS ANALYSIS
  • 12670 W Hollyhock Drive Avondale, AZ 1
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12687 W Flower Street Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 2001
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 3601 N 127th Drive Avondale, AZ 3
    • 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 2000
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
  • 12563 W Osborn Road Avondale, AZ 4
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 2001
    property image
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.81
    •  
  • 12601 W Indianola Avenue Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2001
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
PROPERTY LISTING DETAILS
Cortney C Heise
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209864
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy