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139 N 109th Avenue Avondale, AZ 85323

4 Beds 3 Baths 2,466 sqft Built 2014

$339,999

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $137.87
  • 3 Days on Market
  • MLS # : 6165306
  • Updated Date : 11/27/2020 at 13:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,466 sqft
  • Baths : 2 full , 1 half
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

Ready set Move In! Beautiful move in ready home with 4 bedrooms, 2.5 bathrooms, formal living, dining room and loft area. New carpet and interior paint. Kitchen has granite countertops, 42'' Recessed Maple cabinets with plenty of storage space. Large master bedroom with a very spacious walk-in closet. Master bath includes separate shower and tub, with dual sinks. Great oversized lot that includes a side 10ft. RV Gate, overlooks the park behind and is in cul-de-sac. Look no further and schedule TODAY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roosevelt Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k336k

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

Neighborhood: Roosevelt Park

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
Littleton Elementary School Primary Regular 813 58 2
Littleton Elementary School Middle Regular 813 58 2
La Joya Community High School High Regular 2,051 84 1

Littleton Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 58
2
GreatSchools Rating

Littleton Elementary School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 58
2
GreatSchools Rating

La Joya Community High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 84
1
GreatSchools Rating
 

$305,999$373,999$339,999

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,254
Property Tax -$243
Property Insurance -$75
HOA -$23
Property Management Fees -$99
CASH FLOW
-$195

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.

$339,999

PROJECTED PRICE

$1,500

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.2%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $254,999
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,603

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,5404$1,6155$1,750
$1,750
RENT COMPS ANALYSIS
  • 139 N 109th Avenue Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.61
    •  
  • 609 N 111th Drive Avondale, AZ 1
    • 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2004
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.62
    •  
  • 418 S 112th Drive Avondale, AZ 3
    • 3 beds 3 baths ∙ 2,479 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,479 Sqft ∙ Built 2005
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.62
    •  
  • 121 N 110th Drive Avondale, AZ 4
    • 4 beds 2 baths ∙ 2,319 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,319 Sqft ∙ Built 2006
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,615
    • $0.70
    •  
  • 605 N 111th Drive Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.66
    •  
PROPERTY LISTING DETAILS
Fatima Y De Leon
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165306
Last Updated: 11/27/2020
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.

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