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12735 W Cambridge Avenue Avondale, AZ 85392

4 Beds 2 Baths 1,805 sqft Built 1998

$365,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $202.22
  • 2 Days on Market
  • MLS # : 6181750
  • Updated Date : 01/16/2021 at 13:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,805 sqft
  • Baths : 2 full
Listing Agent

Launch Real Estate

Listing Agent's Description

Take a vacation IN YOUR OWN HOME! This 4BD/2BA ''Portola'' model home in the sought after community of Rancho Santa Fe offers a sparkling pool AND a 3 car garage! The colorful paint scheme, custom tile, wood blinds, vaulted ceilings and ceiling fans throughout make this home truly special. The copper island is the focal point of the Southwestern kitchen with surrounding custom copper and solid wood cabinets throughout. Living room has built-in entertainment center. Large master bedroom with huge walk-in closet, ensuite bath. The backyard boasts a custom Beehive fireplace adjacent to the pool, with built in BBQ and bar, 10x10 chain link/astroturf dog run, RV gate and maintenance-free desert landscaping. ADT Security system. Quick access to I-10, 303 and 101 freeways.

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
 

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

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,268
Property Tax -$231
Property Insurance -$62
HOA -$17
Property Management Fees -$99
CASH FLOW
-$177

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

$1,500

PROJECTED RENT

0.41%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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 55% 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

3.17

YEARS SAVED

$9,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,561

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,5004$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 12735 W Cambridge Avenue Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 12609 W Cambridge Avenue Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1995
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 12514 W Palm Lane Avondale, AZ 2
    • 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 12746 W Alvarado Road Avondale, AZ 4
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1998
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 12606 W Verde Lane Avondale, AZ 5
    • 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
PROPERTY LISTING DETAILS
Alexis Paige Magness
Launch Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181750
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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