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3133 N Ivory Lane Avondale, AZ 85392

3 Beds 3 Baths 2,089 sqft Built 1990

$320,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $153.18
  • 3 Days on Market
  • MLS # : 6193314
  • Updated Date : 02/12/2021 at 14:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,089 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful 3 Bedrooms & 2.5 Baths 2 Story With 3 Cars Garage Located in Avondale (Garden Lake Area). It's a Beautiful Family Home With Vaulted Ceilings In The Formal Living Room. Kitchen With Stainless Steel Appliances & Granite Counter Top. Master Bedroom Down Stair Has Double Sinks With Separate Tub & Shower. Located Minutes Away From The Garden Lakes & Fwy. Front & Backyard Are Comprised Of A Low Maintenance Desert Landscaping, Covered Patio & Perfect For Lovely Family. Don't Miss Out On This Lovely Home & Schedule For Showing!!!. This Property Also close To Green Belts, Paths, Lakes & More. The Property Is Conveniently Located Near 1-10 ; Loop 101 ; Costco ; Glendale Sport Facilities etc. NEWLY Paints Throughout The Outside Building. Thank you For Showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Las Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Las Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8421657

* 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,111
Property Tax -$255
Property Insurance -$68
HOA -$10
Property Management Fees -$99
CASH FLOW
-$14

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.

$320,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.7%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$17,477

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5503$1,5954$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 3133 N Ivory Lane Avondale, AZ 1
    • 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.73
    •  
  • 11317 W Holly Street Avondale, AZ 2
    • 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
    •  
  • 11321 W Citrus Grove Way Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 1989
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.73
    •  
  • 11610 W Palm Brook Drive Avondale, AZ 4
    • 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
    •  
  • 11167 W Edgemont Avenue Avondale, AZ 5
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2001
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
E Linawati Karwita
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193314
Last Updated: 02/12/2021
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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