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

13606 W Monterey Way Avondale, AZ 85392

6 Beds 4 Baths 4,262 sqft Built 2007

$475,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $111.45
  • 2 Days on Market
  • MLS # : 6148961
  • Updated Date : 11/02/2020 at 02:15
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,262 sqft
  • Baths : 4 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome to Fulton Estates! Over 4,200 sqft north of the i-10 in the Western Sky & Millennium School Districts for under $500,000?! This home boast 6 bedrooms, 3 and a half bathrooms, a pool, an RV Gate, soft water loop, and backs to no neighbors! This home has north / south exposure thats directly across the street from the Fulton Estates Park! Schedule a showing today.

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
Litchfield Elementary School Primary Regular 820 37 8
Litchfield Elementary School Middle Regular 820 37 8
Millennium High School High Regular 2,205 94 4

Litchfield Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Litchfield Elementary School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Millennium High School

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

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

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,753
Property Tax -$302
Property Insurance -$110
HOA -$25
Property Management Fees -$99
CASH FLOW
-$29

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

$2,260

PROJECTED RENT

0.48%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$29,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.53

    LIST RENT PER SQFT
  • $2,500

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$2,2603$2,8004$3,200
$3,200
RENT COMPS ANALYSIS
  • 13606 W Monterey Way Avondale, AZ 2
    • 6 beds 4 baths ∙ 4,262 Sqft ∙ Built 2007 6 beds 4 baths ∙ 4,262 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.53
    •  
  • 5310 N Pajaro Court Litchfield Park, AZ 1
    • 5 beds 4 baths ∙ 4,457 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,457 Sqft ∙ Built 2003
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.36
    •  
  • 13607 W Reade Avenue Litchfield Park, AZ 3
    • 5 beds 5 baths ∙ 4,457 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,457 Sqft ∙ Built 2003
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.63
    •  
  • 815 W Verbena Lane Litchfield Park, AZ 4
    • 6 beds 4 baths ∙ 4,183 Sqft ∙ Built 2007 6 beds 4 baths ∙ 4,183 Sqft ∙ Built 2007
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.77
    •  
PROPERTY LISTING DETAILS
John Edward Ely
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6148961
Last Updated: 11/02/2020
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.

BESbswy