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12918 W Monte Vista Road Avondale, AZ 85392

4 Beds 3 Baths 2,232 sqft Built 1999

$335,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $150.09
  • 4 Days on Market
  • MLS # : 6186880
  • Updated Date : 01/29/2021 at 23:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,232 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This is it, the house you have been looking for! This well cared for, updated 4 bedroom 2.5 bath home with a loft and a POOL in Litchfield School District!This home has been well cared for and updated. Newer laminate flooring throughout the first floor, living room, dining room, kitchen, eat in kitchen and family room. Newer carpets upstairs in the bedrooms and loft area. Both bathtubs and showers have been updated recently as well as the upstairs guest bathroom vanity. Backyard has a pool for those hot Arizona days, grass and a great patio to relax. Solar on this home to help with those electric bills! This will go fast! Don't wait!

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
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
 

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

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,164
Property Tax -$212
Property Insurance -$71
HOA -$15
Property Management Fees -$99
CASH FLOW
-$30

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.

$335,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.46%

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

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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$17,663

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,652

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5304$1,5505$1,695
$1,695
RENT COMPS ANALYSIS
  • 12918 W Monte Vista Road Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.69
    •  
  • 13119 W Sheridan Street Goodyear, AZ 1
    • 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1995
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 2418 N 125th Drive Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 12755 W Alvarado Road Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 1997
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 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
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
PROPERTY LISTING DETAILS
Carolyn Campero
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186880
Last Updated: 01/29/2021
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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