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12694 W Flower Street Avondale, AZ 85392

4 Beds 3 Baths 2,138 sqft Built 2001

$365,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $170.72
  • 2 Days on Market
  • MLS # : 6263392
  • Updated Date : 07/12/2021 at 18:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,138 sqft
  • Baths : 3 full
Listing Agent

Century 21 Northwest

Listing Agent's Description

BEAUTIFUL FAMILY HOME WITH GREAT FLOOR PLAN! MASTER AND 2 ROOMS UPSTAIRS, 4TH BEDROOM DOWNSTAIRS CAN BE USED AS AN OFFICE, GUEST ROOM, PLAYROOM. NEUTRAL COLOR PALETTE THROUGH OUT

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,268
Property Tax -$222
Property Insurance -$69
HOA -$53
Property Management Fees -$99
CASH FLOW
$99

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.

$365,000

PROJECTED PRICE

$1,810

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$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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$30,742

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
  • $1,796

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6453$1,6504$1,8005$1,925
$1,925
RENT COMPS ANALYSIS
  • 12694 W Flower Street 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
    •  
  • 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
    property image
    LEASED 03/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.81
    •  
  • 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
    •  
  • 12601 W Indianola Avenue Avondale, AZ 4
    • 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
    •  
  • 12746 W Hollyhock Drive Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2000
    property image
    LEASED 07/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.90
    •  
PROPERTY LISTING DETAILS
Rodica Bartels
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263392
Last Updated: 07/12/2021
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.

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