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1526 S 121st Drive Avondale, AZ 85323

3 Beds 2 Baths 1,692 sqft Built 2003

$339,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $200.89
  • 3 Days on Market
  • MLS # : 6203141
  • Updated Date : 03/06/2021 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,692 sqft
  • Baths : 2 full
Listing Agent

Best Homes Real Estate, Llc

Listing Agent's Description

Avondale Beauty! Great floor plan with 3 bedrooms plus a den. Pool and spa ready for endless entertaining on a large lot with fruit trees. This one has many upgrades from all ceramic floors, 2 tone paint, wired for surround sound, 2 full baths, water softener and reverse osmosis systems, backyard all set for Arizona sunsets looking from the full-back covered patio. Come today and send Us your best and clean offer before it is too late. ** More Pictures on Monday**

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cambridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Cambridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8051567

* 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
La Joya Community High School High Regular 2,051 84 1

La Joya Community High School

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

$305,910$373,890$339,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,181
Property Tax -$243
Property Insurance -$60
HOA -$65
Property Management Fees -$99
CASH FLOW
-$298

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.

$339,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,485

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3503$1,3954$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 1526 S 121st Drive Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 12180 W Yuma Street Avondale, AZ 1
    • 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2003
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.86
    •  
  • 12418 W Yuma Street Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 12171 W Chase Lane Avondale, AZ 4
    • 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2007
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 11959 W Belmont Drive Avondale, AZ 5
    • 3 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
PROPERTY LISTING DETAILS
Sergio Polanco
Best Homes Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203141
Last Updated: 03/06/2021
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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