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302 S 124th Avenue Avondale, AZ 85323

4 Beds 2 Baths 2,068 sqft Built 2001

$315,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $152.32
  • 4 Days on Market
  • MLS # : 6158996
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,068 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Golf course lot with view fencing! Well taken care of 4 bedroom, 2 bathroom home with 2068 square feet. Plantation shutters on all windows gives a beautiful look. Recently painted exterior. New A/C and heater unit this year. Do not miss out on this beautiful home in a golf course community!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coldwater Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Coldwater Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8201567

* 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
Collier Elementary School Primary Regular 876 50 3
Collier Elementary School Middle Regular 876 50 3
La Joya Community High School High Regular 2,051 84 1

Collier Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

Collier Elementary School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,162
Property Tax -$225
Property Insurance -$68
HOA -$42
Property Management Fees -$99
CASH FLOW
$124

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.

$315,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$34,618

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,727

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7253$1,7454$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 302 S 124th Avenue Avondale, AZ 1
    • 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.83
    •  
  • 12351 W Sherman Street Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2003
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.82
    •  
  • 713 S 123rd Drive Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2003
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.83
    •  
  • 12234 W Harrison Street Avondale, AZ 4
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2001
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 248 S 124th Avenue Avondale, AZ 5
    • 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2001
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
PROPERTY LISTING DETAILS
Linda Kay Barker
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158996
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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