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13505 W Earll Drive Avondale, AZ 85392

4 Beds 2 Baths 2,515 sqft Built 2006

$475,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $188.87
  • 4 Days on Market
  • MLS # : 6208020
  • Updated Date : 03/18/2021 at 07:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,515 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Stunning single level home with 4 bedrooms, 2 bathrooms split floorplan & 3 CAR GARAGE. Gorgeous remodeled kitchen with GRANITE countertops, upgraded cabinets , GAS STOVE, Samsung DOUBLE OVENS new 2019, beverage fridge in ISLAND, Samsung fridge with water/ice feature new in 2017. Reverse osmosis and new water heater installed in 2018. PLANTATION SHUTTERS, HARDWOOD floors in living room. Backyard oasis with new POOL installed in 2016 with Baja shelf and all new landscaping including ARTIFICIAL TURF and drip system. EXTERIOR house PAINTED in 2018. RV GATE updated and painted in 2019.** Home has been impeccably maintained and is truly a gem**

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fulton Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $100k400k

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

Neighborhood: Fulton Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8421981

* 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
Millennium High School High Regular 2,205 94 4

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,650
Property Tax -$300
Property Insurance -$76
HOA -$27
Property Management Fees -$99
CASH FLOW
-$272

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.

$475,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7004$1,8805$2,000
$2,000
RENT COMPS ANALYSIS
  • 13505 W Earll Drive Avondale, AZ 4
    • 4 beds 2 baths ∙ 2,515 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,515 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.75
    •  
  • 13602 W Catalina Drive Avondale, AZ 1
    • 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 13505 W Catalina Drive Avondale, AZ 2
    • 3 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 3361 N 129th Drive Avondale, AZ 3
    • 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 2000
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 13618 W Pinchot Avenue Avondale, AZ 5
    • 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Marcy Hernandez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208020
Last Updated: 03/18/2021
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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