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12806 W Fairmount Avenue Avondale, AZ 85392

4 Beds 3 Baths 2,238 sqft Built 2002

$335,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $149.69
  • 2 Days on Market
  • MLS # : 6168216
  • Updated Date : 12/05/2020 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,238 sqft
  • Baths : 3 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Great curb appeal for this charming 4 bed, 3 bath two-story home with a 3 car garage. Formal living & dining. Open concept for the kitchen, dining and family room. The kitchen has oak cabinets, granite counters & SS appliances. Guest bed & bath downstairs. Upstairs has laminate wood floors in all rooms. Generous sized bedrooms. The master has a full bath and walk-in closet. Interior laundry. The backyard has stamped cement covered patio, built-in BBQ and sparkling pool & spa. Plenty of room for you to add your personal touches! Close to schools, shopping and major freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sage Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sage Creek

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
 

$301,500$368,500$335,000

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 -$1,236
Property Tax -$212
Property Insurance -$71
HOA -$11
Property Management Fees -$99
CASH FLOW
$51

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$335,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$29,189

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
  • $1,673

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5454$1,5955$1,649
$1,649
RENT COMPS ANALYSIS
  • 12806 W Fairmount Avenue Avondale, AZ 1
    • 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 2002
    • 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
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 12630 W Monterey Way Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2002
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.76
    •  
  • 12517 W Glenrosa Drive Litchfield Park, AZ 4
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2002
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
  • 12629 W Indianola Avenue Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2001
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.79
    •  
PROPERTY LISTING DETAILS
Joshua Levario
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168216
Last Updated: 12/05/2020
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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