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2413 N 125th Drive Avondale, AZ 85392

3 Beds 2 Baths 1,716 sqft Built 1997

$300,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $174.83
  • 4 Days on Market
  • MLS # : 6159603
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,716 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautifully renovated 3 bedroom, 2 bathroom home in the Ranch Santa Fe community of Avondale. This updated home is conveniently located near some of the areas best restaurants and shopping. It features vaulted ceilings, separate living and family room areas and a great room floor plan. Some of the recent updates include a fresh coat of paint, new wood look tile through out the house with exception of the bedrooms. Bedroom have new pad and carpet. The kitchen has been enhanced with freshly painted cabinets, cabinet hardware, granite counter tops, new stainless GE appliances, and new LED can lights. New light fixtures and chandeliers including ceiling fans in all 3 bedrooms. The bathrooms have also been updated with new vanities, faucets, mirrors, etc. Owner/ Agent

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Santa Fe

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Rancho Santa Fe

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
Rancho Santa Fe Elementary School Primary Regular 694 34 5
Wigwam Creek Middle School Middle Regular 927 39 8
Agua Fria High School High Regular 1,725 92 4

Rancho Santa Fe Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 34
5
GreatSchools Rating

Wigwam Creek Middle School

  • Education Level: Middle
  • # of students: 927
  • # of teachers: 39
8
GreatSchools Rating

Agua Fria High School

  • Education Level: High
  • # of students: 1,725
  • # of teachers: 92
4
GreatSchools Rating
 

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

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 -$1,107
Property Tax -$182
Property Insurance -$61
HOA -$15
Property Management Fees -$99
CASH FLOW
-$114

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.

$300,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

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 55% 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

3.75

YEARS SAVED

$12,302

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
  • $0.79

    LIST RENT PER SQFT
  • $1,476

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4504$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 2413 N 125th Drive Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 12609 W Cambridge Avenue Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1995
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 12325 W Windsor Avenue Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1996
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 12514 W Palm Lane Avondale, AZ 4
    • 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 1997
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 12738 W Monte Vista Road Avondale, AZ 5
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1997
    property image
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.87
    •  
PROPERTY LISTING DETAILS
James Wehner
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159603
Last Updated: 11/13/2020
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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