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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $175.61
- 2 Days on Market
- MLS # : 6170638
- Updated Date : 12/12/2020 at 19:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,566 sqft
- Baths : 2 full
Listing Agent
Keller Williams Elite
Listing Agent's Description
CHARMING corner lot home in desirable Avondale is waiting just for you. Offering great curb appeal and easy care desert front landscaping. You will absolutely love this bright and welcoming interior complete with 3 bed, 2 bath, a den great for an office, archways, and so much more. Eat-in kitchen providing granite counter-tops, breakfast bar, recessed lighting, honey oak cabinetry, and white matching appliances ready to be used. Inside this unique master bedroom you will find bay windows, a generous walk-in closet, and a lavish en-suite with dual sinks. Impressive grassy backyard gives you a covered patio, pavers, and sitting area where you can enjoy relaxing afternoons. Look no more!
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PRICE & RENT TRENDS
Neighborhood: Coldwater Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coldwater Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$197 | |
| Property Insurance | -$58 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$129
|
||
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.
$275,000
PROJECTED PRICE
$1,280
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
3.25
YEARS SAVED
$8,627
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,386
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
302 S 119th Drive Avondale, AZ 1
- 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,280
- $0.82
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11851 W Washington Street Avondale, AZ 2
- 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2004
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,350
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11621 W Jackson Street Avondale, AZ 3
- 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2006
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.89
-
12230 W Maricopa Street Avondale, AZ 4
- 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,395
- $0.83
-
11902 W Jefferson Street Avondale, AZ 5
- 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2002
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,550
- $0.93
PROPERTY LISTING DETAILS
Keller Williams Elite
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170638
Last Updated: 12/12/2020
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.
