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15030 S Avalon Road Arizona City, AZ 85123

3 Beds 2 Baths 1,063 sqft Built 1988

$174,000

List Price

$770

$693 - $847

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $163.69
  • 1 Days on Market
  • MLS # : 6163681
  • Updated Date : 11/21/2020 at 19:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,063 sqft
  • Baths : 2 full
Listing Agent

Re/max A Bar Z Realty

Listing Agent's Description

This great 3 bedroom, 2 bathroom home has great curb appeal and a block fenced back yard. Inside you'll find tile flooring in the kitchen, dining and bathrooms and laminate flooring in the living area and bedrooms. Vaulted ceiling in the living area. The owner's suite has a separate exit to the large, covered back patio. Spacious 1 car garage with laundry area. The washer, dryer and kitchen refrigerator all convey.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85123

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Zip Code: 85123

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7011567

* 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
Toltec Middle School Primary Regular 428 29 3
Toltec Middle School Middle Regular 428 29 3
Vista Grande High Regular 1,907 68 3

Toltec Middle School

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 29
3
GreatSchools Rating

Toltec Middle School

  • Education Level: Middle
  • # of students: 428
  • # of teachers: 29
3
GreatSchools Rating

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

$156,600$191,400$174,000

PURCHASE PRICE

$693$847$770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $770
EXPENSES Loan Payment -$642
Property Tax -$102
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$121

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.

$174,000

PROJECTED PRICE

$770

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.4%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$51,860

INVESTMENT

$51,860

Down Payment
$43,500
Rehab Estimate
$5,750
Closing Costs
$2,610

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,500
Loan Amount $130,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$3,721

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $770

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $691

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$770
1$7702$8003$895
$895
RENT COMPS ANALYSIS
  • 15030 S Avalon Road Arizona City, AZ 1
    • 3 beds 2 baths ∙ 1,063 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,063 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $770
    • $0.72
    •  
  • 15914 S Yava Road Arizona City, AZ 2
    • 3 beds 3 baths ∙ 1,234 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,234 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $0.65
    •  
  • 9072 W Oneida Drive Arizona City, AZ 3
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.65
    •  
PROPERTY LISTING DETAILS
Stephanie Cosand
Re/max A Bar Z Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163681
Last Updated: 11/21/2020
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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