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3205 N 137th Drive Avondale, AZ 85392

5 Beds 3 Baths 2,545 sqft Built 2007

$430,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $168.96
  • 4 Days on Market
  • MLS # : 6209015
  • Updated Date : 03/18/2021 at 21:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,545 sqft
  • Baths : 3 full
Listing Agent

Lund Realty, Llc

Listing Agent's Description

Fantastic Home in the desirable Community of Fulton Estates. Great curb appeal w/stone accents. Dramatic soaring ceilings, warm palette, plush carpet, upgraded lighting, two-story windows, beautiful tile floor, & formal living/dining room. Charming family room fireplace w/decorative/media shelves. Spacious eat-in kitchen features patio access from dining area, center island, breakfast bar, corian counters, SS appliances, pendant lighting, window blinds, pantry, & handsome wood cabinets w/crown moulding. Bonus room or Den. 5 Generous sized bedrooms, ample closets, 3 pristine baths, & interior laundry room w/storage cabinets & sink. The backyard w/a covered patio is waiting for your dream desert oasis. easy access to Shopping, Dining, Entertainment, & Freeways. Will not disappoint!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fulton Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $100k400k

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

Neighborhood: Fulton Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8421981

* 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
Millennium High School High Regular 2,205 94 4

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,494
Property Tax -$272
Property Insurance -$77
HOA -$23
Property Management Fees -$99
CASH FLOW
-$114

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.

$430,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$15,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,921

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7604$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 3205 N 137th Drive Avondale, AZ 4
    • 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 13602 W Catalina Drive Avondale, AZ 1
    • 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 3361 N 129th Drive Avondale, AZ 2
    • 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 2000
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 13525 W Catalina Drive Avondale, AZ 3
    • 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.79
    •  
  • 13618 W Pinchot Avenue Avondale, AZ 5
    • 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Ryan Jones
Lund Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209015
Last Updated: 03/18/2021
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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