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225 N 107th Drive Avondale, AZ 85323

4 Beds 2 Baths 1,873 sqft Built 2006

$300,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $160.17
  • 5 Days on Market
  • MLS # : 6174137
  • Updated Date : 12/23/2020 at 18:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,873 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

This great family home offers 4 bedrooms & 2 baths in 1873 SqFt with separate living, dining and family rooms. The kitchen has staggered maple cabinetry, lots of counter space, black/stainless appliances, breakfast bar, & pantry. Sliding doors lead out from the great room to a large, private backyard with an extended patio, low maintenance desert landscaping, firepit, and storage shed. Split bedrooms. The master has a private bath with dual sink vanity, separate tub & shower and walk-in closet. Two secondary bedrooms also have walk-in closets. Other features include an oversized 2 car garage, double gate, front security door, tile floors throughout living areas and baths, carpet in bedrooms, arched doorways, & convenient access to I-10 & Loop 101. See today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roosevelt Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k336k

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

Neighborhood: Roosevelt Park

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
Littleton Elementary School Primary Regular 813 58 2
Littleton Elementary School Middle Regular 813 58 2
La Joya Community High School High Regular 2,051 84 1

Littleton Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 58
2
GreatSchools Rating

Littleton Elementary School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 58
2
GreatSchools Rating

La Joya Community High School

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

$270,000$330,000$300,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,107
Property Tax -$215
Property Insurance -$64
HOA -$23
Property Management Fees -$99
CASH FLOW
$63

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.

$300,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.2%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$27,214

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,859

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,6653$1,8754$1,8755$1,875
$1,875
RENT COMPS ANALYSIS
  • 225 N 107th Drive Avondale, AZ 1
    • 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.84
    •  
  • 10779 W Washington Street Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2009
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.97
    •  
  • 10825 W Taylor Street Avondale, AZ 3
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 2020
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.00
    •  
  • 10826 W Polk Street Avondale, AZ 4
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 2020
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.00
    •  
  • 10814 W Polk Street Avondale, AZ 5
    • 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,876 Sqft ∙ Built 2020
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.00
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174137
Last Updated: 12/23/2020
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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