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1709 S 116th Avenue Avondale, AZ 85323

5 Beds 3 Baths 2,646 sqft Built 2004

$350,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $132.28
  • 4 Days on Market
  • MLS # : 6195681
  • Updated Date : 02/18/2021 at 14:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,646 sqft
  • Baths : 3 full
Listing Agent

Victorian Home Realty, Llc

Listing Agent's Description

Great home located on a large lot in a sought after community. This home has 5 bedrooms (one bedroom and full bathroom located on the 1st level) and 3 full bathrooms. Large balcony off master bedroom over looks the large lot. Possible RV gates can be installed with HOA approval.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coldwater Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Coldwater Ridge

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
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,216
Property Tax -$251
Property Insurance -$79
HOA -$52
Property Management Fees -$99
CASH FLOW
-$246

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.

$350,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$4,043

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,5504$1,7995$1,895
$1,895
RENT COMPS ANALYSIS
  • 1709 S 116th Avenue Avondale, AZ 2
    • 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,646 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.55
    •  
  • 12201 W Calle Hermosa Lane Avondale, AZ 1
    • 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 2009
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.55
    •  
  • 11613 W Hadley Street Avondale, AZ 3
    • 5 beds 4 baths ∙ 2,666 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,666 Sqft ∙ Built 2003
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.58
    •  
  • 11582 W Cocopah Street Avondale, AZ 4
    • 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.62
    •  
  • 11237 W Davis Lane Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.68
    •  
PROPERTY LISTING DETAILS
Stephanie Galvan
Victorian Home Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195681
Last Updated: 02/18/2021
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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