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

1718 S 120th Drive Avondale, AZ 85323

5 Beds 3 Baths 2,235 sqft Built 2002

$380,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $170.02
  • 3 Days on Market
  • MLS # : 6209335
  • Updated Date : 03/20/2021 at 18:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,235 sqft
  • Baths : 2 full , 1 half
Listing Agent

Yay Realty

Listing Agent's Description

You don't want to miss out on this beautiful Pinterest style 5 bedroom 2.5 bath home with a den on a huge corner lot. Tastefully remodeled throughout: Gourmet Kitchen features $50k in upgrades with custom cabinets, travertine backsplash, dark steel appliances, along with granite countertops & travertine sink. Plank tile flooring, with thick white baseboards, upgraded light fixtures & added recess lighting in bedrooms and bathrooms. Master Bathroom beautifully remodeled with freestanding tub, tiled walk-in shower and vanities. Upstairs hall bath includes walk-in shower, new vanities and fixtures. Added shelving in closets, interior paint only a few months old. Exterior painted in 2018. Large backyard features extended patio, green grass, slab to park your RV, two storage sheds and pavers.

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
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,320
Property Tax -$272
Property Insurance -$71
HOA -$65
Property Management Fees -$99
CASH FLOW
-$247

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.

$380,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.42%

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$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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,833

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7254$1,7455$1,950
$1,950
RENT COMPS ANALYSIS
  • 1718 S 120th Drive Avondale, AZ 1
    • 5 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1410 S 119th Lane Avondale, AZ 2
    • 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2001
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
  • 12351 W Sherman Street Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2003
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.82
    •  
  • 713 S 123rd Drive Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2003
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.83
    •  
  • 1506 S 122nd Lane Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002
    LEASED 02/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Lucy Guzman
Yay Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209335
Last Updated: 03/20/2021
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.

BESbswy