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3225 N 137th Drive Avondale, AZ 85392

4 Beds 3 Baths 2,545 sqft Built 2007

$405,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $159.14
  • 5 Days on Market
  • MLS # : 6156067
  • Updated Date : 11/05/2020 at 08:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,545 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

MOVE-IN READY, EXTERIOR PAINTED SPRING OF 2020, INTERIOR JUST PAINTED & NEW CARPET THROUGHOUT. NEW DISHWASHER, CORIAN COUNTERS, GAS STOVE, MICROWAVE AND PANTRY.4 BEDRMS, 2.5 BATHS, FORMAL LIVING & DINING ROOMS, FAMILY RM WITH A GAS FIREPLACE, PRE-WIRED FOR SPEAKERS, OPEN DEN, 3 CAR TANDEM GARAGE, RV GATE, UNDER STAIR STORAGE, PRE PLUMBED FOR A WATER SOFTNER, REFIG, WASHER AND DRYER, CABINETS & SINK IN THE LAUNDRY.

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
Litchfield Elementary School Primary Regular 820 37 8
Litchfield Elementary School Middle Regular 820 37 8
Millennium High School High Regular 2,205 94 4

Litchfield Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Litchfield Elementary School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Millennium High School

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

$364,500$445,500$405,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,494
Property Tax -$256
Property Insurance -$77
HOA -$25
Property Management Fees -$99
CASH FLOW
-$181

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.

$405,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.44%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,993

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,826

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7004$1,7605$1,770
$1,770
RENT COMPS ANALYSIS
  • 3225 N 137th Drive Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.70
    •  
  • 14244 W Indianola Avenue Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2001
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.64
    •  
  • 13602 W Catalina Drive Avondale, AZ 2
    • 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 3361 N 129th Drive Avondale, AZ 3
    • 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,496 Sqft ∙ Built 2000
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 13525 W Catalina Drive Avondale, AZ 4
    • 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 2005
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.79
    •  
PROPERTY LISTING DETAILS
Judy Hensler
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156067
Last Updated: 11/05/2020
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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