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3338 N 126th Drive 
Avondale, AZ
85392
3 Beds 2 Baths 1,697 sqft
Built 2001
INVESTimate
$315,000
List Price
$89,225
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $185.62
- 2 Days on Market
- MLS # : 6114955
- Updated Date : 08/25/2020 at 02:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,697 sqft
- Baths : 2 full
Listing Agent
Jmg Capital, Inc.
Listing Agent's Description
Enjoy this beautiful family home on quiet culdesac lot. Fabulous 3 bedroom 2 bathroom 2 car garage- Awesome private backyard paradise with private pebble tec pool with water feature! Premier lot that backs to wash. Great neighborhood. Great location! Corte Sierra Elementary School is around the corner.
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PRICE & RENT TRENDS
Neighborhood: Corte Sierra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Corte Sierra
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$192 | |
| Property Insurance | -$60 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$155
|
||
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.
$315,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.18% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
3.33
YEARS SAVED
$10,064
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,438
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
3338 N 126th Drive Avondale, 1
- 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
12907 W Weldon Avenue Avondale, 2
- 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2002
![property image]()
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,350
- $0.83
-
12909 W Monterey Way Avondale, 3
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2000
![property image]()
LEASED 11/21/19- Rent
- Rent Per SQFT
- $1,395
- $0.85
-
4142 N 126th Avenue Litchfield Park, 4
- 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2003
![property image]()
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,395
- $0.84
-
12606 W Verde Lane Avondale, 5
- 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 2000
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.87
PROPERTY LISTING DETAILS
Jmg Capital, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6114955
Last Updated: 08/25/2020
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.
