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12845 W Whitton Avenue Avondale, AZ 85392

3 Beds 2 Baths 2,011 sqft Built 2001

$345,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $171.56
  • 4 Days on Market
  • MLS # : 6197035
  • Updated Date : 02/26/2021 at 23:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,011 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

The single level home with everything you are looking for is finally here! Nestled on a prime corner lot in Sage Creek, this beauty offers great curb appeal, 3 car garage and owned solar. Inside you will find a spacious and open floor plan, kitchen with island, granite counter tops, ample cabinet space, and 3 bedrooms plus den. The master bedroom ensuite bath has dual sinks, separate tub/shower and a walk-in closet. Enjoy the perfect Spring weather in the beautiful swimming pool overlooking the green belt. Close to shopping, restaurants and schools. Don't miss this incredible opportunity!

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
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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,198
Property Tax -$218
Property Insurance -$66
HOA -$11
Property Management Fees -$99
CASH FLOW
$17

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.

$345,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.47%

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$21,619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,609

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,6104$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 12845 W Whitton Avenue Avondale, AZ 3
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.80
    •  
  • 12833 W Indianola Avenue Avondale, AZ 1
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 12810 W Fairmount Avenue Avondale, AZ 2
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.77
    •  
  • 12822 W Fairmount Avenue Avondale, AZ 4
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 12834 W Fairmount Avenue Avondale, AZ 5
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2002
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
PROPERTY LISTING DETAILS
Rachel Van Hook
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197035
Last Updated: 02/26/2021
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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