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

12807 W Fairmount Avenue Avondale, AZ 85392

4 Beds 3 Baths 2,238 sqft Built 2001

$340,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $151.92
  • 2 Days on Market
  • MLS # : 6184935
  • Updated Date : 01/23/2021 at 21:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,238 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Situated on a premium corner lot, this 4bed/3bath gem features great curb appeal with a 3 car garage. Step inside the spacious fluid floor plan with wood look flooring and tile throughout the first floor. The kitchen, which overlooks the large great great room, offers updated appliances and a plethora of cabinet/counter space. You will find a bedroom and full bathroom downstairs. Upstairs you will find a loft, full of possibilities. Master retreat, with walk out balcony, includes private en suite with dual sinks, soaking tub and separate shower. The amazing outdoor entertaining space is complete with covered patio, outdoor kitchen and sparkling pool with waterfall feature. It's the perfect spot to enjoy Arizona outdoors. Do not miss out. See it today.

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,181
Property Tax -$215
Property Insurance -$71
HOA -$11
Property Management Fees -$99
CASH FLOW
$43

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.

$340,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.48%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$23,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,723

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5953$1,6204$1,7355$1,800
$1,800
RENT COMPS ANALYSIS
  • 12807 W Fairmount Avenue Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.72
    •  
  • 12687 W Flower Street Avondale, AZ 1
    • 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
    •  
  • 12517 W Glenrosa Drive Litchfield Park, AZ 2
    • 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
    •  
  • 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
    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
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
PROPERTY LISTING DETAILS
Fernando Valle
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184935
Last Updated: 01/23/2021
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