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2625 N 109th Avenue Avondale, AZ 85392

3 Beds 2 Baths 1,716 sqft Built 2002

$360,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $209.79
  • 2 Days on Market
  • MLS # : 6197878
  • Updated Date : 02/27/2021 at 07:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,716 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Fantastic property which vaunts exquisite pride in ownership; this property has curb appeal and spectacular upgrades. Flooring, kitchen, and bathrooms were updated in 2019, and AC was replaced in August of 2020 with a transferrable five-year warranty. Vaulted ceilings, surround-sound speakers in the family room area, neutral color palleted walls, large light-washed plank tile flooring throughout the home's main living areas, and carpet in bedrooms. The kitchen, updated in 2019, boasts an island with eat-in kitchen bar seating, granite counters and fine-tile backsplash, dark stainless-steel appliances, and white cabinets. The Master bedroom is located in the back of the home, has a large walk-in closet with ample storage. The master bathroom, updated in 2019, is host to a...

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PRICE & RENT TRENDS

Neighborhood: Crystal Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Crystal Gardens

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
Westview High School High Regular 2,456 94 2

Westview High School

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

$324,000$396,000$360,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,250
Property Tax -$287
Property Insurance -$61
HOA -$45
Property Management Fees -$99
CASH FLOW
-$322

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.

$360,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.8%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,140

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
  • $1,437

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3904$1,4995$1,595
$1,595
RENT COMPS ANALYSIS
  • 2625 N 109th Avenue Avondale, AZ 1
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11198 W Granada Road Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1999
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 10453 W Granada Road Avondale, AZ 3
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 2001
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.83
    •  
  • 3833 N Rosewood Avenue Avondale, AZ 4
    • 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1987
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.84
    •  
  • 10736 W Granada Road Avondale, AZ 5
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1999
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
PROPERTY LISTING DETAILS
Megan Cynthia Ternes
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197878
Last Updated: 02/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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