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12724 W Desert Flower Road Avondale, AZ 85392

4 Beds 3 Baths 2,232 sqft Built 2000

$299,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $134.36
  • 12 Days on Market
  • MLS # : 6151334
  • Updated Date : 10/24/2020 at 16:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,232 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

A beautiful 4 bed and 2.5 bath home in a very desirable neighborhood of Rancho Santa Fe. Nice floor plan with open kitchen and all tiles downstairs. Good size master bedroom and all bedroom upstairs. Big loft with cabinets that can be used as an office. New interior paint and new carpet was installed in August, 2019. Very low taxes and low HOA fee. Very convenient location and close to shopping, school and entertainment. It is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Santa Fe

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Rancho Santa Fe

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
Rancho Santa Fe Elementary School Primary Regular 694 34 5
Wigwam Creek Middle School Middle Regular 927 39 8
Agua Fria High School High Regular 1,725 92 4

Rancho Santa Fe Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 34
5
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,107
Property Tax -$189
Property Insurance -$71
HOA -$15
Property Management Fees -$99
CASH FLOW
$119

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.

$299,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$34,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,696

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5503$1,6004$1,6705$1,750
$1,750
RENT COMPS ANALYSIS
  • 12724 W Desert Flower Road Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 13202 W Alvarado Circle Goodyear, AZ 1
    • 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 1994
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.75
    •  
  • 12755 W Alvarado Road Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 12741 W Desert Flower Road Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.75
    •  
  • 12730 W Desert Rose Road Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
PROPERTY LISTING DETAILS
Rupinder Singh Kaler
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151334
Last Updated: 10/24/2020
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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