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

2543 N 118th Avenue Avondale, AZ 85392

4 Beds 2 Baths 1,918 sqft Built 1999

$329,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $171.53
  • 2 Days on Market
  • MLS # : 6181798
  • Updated Date : 01/16/2021 at 16:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,918 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Open floor plan with 4 bedrooms and 2 baths. Spectacular backyard with a pool and new pavers. Need space for toys? Unique drive thru garage to park toys in your backyard. Updated kitchen that opens to the living room. Come see this one before it is gone, this is a MUST see home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Garden Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $98k271k

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

Neighborhood: Garden 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
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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,143
Property Tax -$263
Property Insurance -$65
HOA -$12
Property Management Fees -$99
CASH FLOW
-$61

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.

$329,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,284

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
  • $1,554

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5504$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 2543 N 118th Avenue Avondale, AZ 1
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12002 W Holly Street Avondale, AZ 2
    • 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,931 Sqft ∙ Built 2000
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 11317 W Holly Street Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 2009
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.80
    •  
  • 11619 W Clover Way Avondale, AZ 4
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1991
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 11610 W Palm Brook Drive Avondale, AZ 5
    • 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 1996
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
PROPERTY LISTING DETAILS
Floyd Coburn
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181798
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy