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2537 S 111th Drive Avondale, AZ 85323

4 Beds 2 Baths 1,835 sqft Built 2003

$305,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $166.21
  • 2 Days on Market
  • MLS # : 6154983
  • Updated Date : 11/01/2020 at 21:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,835 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Fabulous home with open floor plan with tile flooring throughout. Kitchen has S.S appliances. Custom Paint, Vaulted Ceilings, Pot Shelves. Ceiling Fans Throughout, Custom Blinds. Split bedroom plan, has large master with a master bath that includesseparate tub and shower, walk in closet. Laundry room is conveniently located. 2 car garage. Back yard has a great Ramada to enjoy family gatherings in. Perfect for family parties, BBQ's and gatherings.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Durango Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Durango Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8061567

* 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
Quentin Elementary School Primary Regular 979 52 2
Quentin Elementary School Middle Regular 979 52 2
La Joya Community High School High Regular 2,051 84 1

Quentin Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 52
2
GreatSchools Rating

Quentin Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 52
2
GreatSchools Rating

La Joya Community High School

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

$274,500$335,500$305,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,125
Property Tax -$218
Property Insurance -$63
HOA -$56
Property Management Fees -$99
CASH FLOW
-$162

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.

$305,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$8,234

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,560

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4954$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 2537 S 111th Drive Avondale, AZ 2
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 11388 W Mountain View Drive Avondale, AZ 1
    • 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,741 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 11015 W Elm Lane Avondale, AZ 3
    • 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
  • 10995 W Rio Vista Lane Avondale, AZ 4
    • 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2003
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 11159 W Del Rio Lane Avondale, AZ 5
    • 4 beds 2 baths ∙ 1,723 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,723 Sqft ∙ Built 2003
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
PROPERTY LISTING DETAILS
Louie Quiroz
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154983
Last Updated: 11/01/2020
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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