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2102 N 120th Drive Avondale, AZ 85392

4 Beds 3 Baths 3,150 sqft Built 2006

$393,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $125.05
  • 3 Days on Market
  • MLS # : 6164354
  • Updated Date : 11/27/2020 at 10:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,150 sqft
  • Baths : 3 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

GORGEOUS HOME WITH OPEN FLOOR PLAN AND HIGH CEILINGS. GREAT SIZE KITCHEN WITH LOTS OF CABINETS AND APPLIANCES INCLUDED, A LARGE PANTRY AND ISLAND. EAT IN KITCHEN, FORMAL DINING AND LIVING ROOM. ONE FULL BATHROOM AND BEDROOM DOWN STAIRS. UPSTAIRS HAS ADDITIONAL ROOM FOR KIDS TO PLAY OR BEOME A GAME ROOM. SEPARATE STUDY AREA OR CAN BE USED AS OFFICE. TWO OTHER BEDROOMS AND SPACIOUS MASTER. BEDROOM WITH HIS AND HER WALK-IN CLOSETS. THIS HOME ALSO HAS SURROUND SOUND SYSTEM AND EXTENDED COVER PATIO AND ETC. CLOSE TO ALL MAJOR FREEWAYS AND SHOPPING CENTERS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Donatela

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $100k346k

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

Neighborhood: Donatela

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8421577

* 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
Canyon Breeze Elementary School Primary Regular 855 38 4
Canyon Breeze Elementary School Middle Regular 855 38 4
Westview High School High Regular 2,456 94 2

Canyon Breeze Elementary School

  • Education Level: Primary
  • # of students: 855
  • # of teachers: 38
4
GreatSchools Rating

Canyon Breeze Elementary School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 38
4
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$354,510$433,290$393,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,453
Property Tax -$314
Property Insurance -$89
HOA -$78
Property Management Fees -$99
CASH FLOW
-$273

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$393,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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$110,134

INVESTMENT

$110,134

Down Payment
$98,475
Rehab Estimate
$5,750
Closing Costs
$5,909

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,453

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,475
Loan Amount $295,425
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,857

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
  • $1,985

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$1,9004$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 2102 N 120th Drive Avondale, AZ 1
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1664 N 114th Avenue Avondale, AZ 2
    • 5 beds 4 baths ∙ 2,912 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,912 Sqft ∙ Built 2006
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.65
    •  
  • 1656 N 114th Avenue Avondale, AZ 3
    • 5 beds 4 baths ∙ 3,245 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,245 Sqft ∙ Built 2008
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.59
    •  
  • 2106 N 120th Drive Avondale, AZ 4
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.63
    •  
  • 2113 N 120th Drive Avondale, AZ 5
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2006
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.65
    •  
PROPERTY LISTING DETAILS
Mitchell Rafael Chavez
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164354
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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