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3712 N Copenhagen Drive Avondale, AZ 85392

4 Beds 3 Baths 2,205 sqft Built 1987

INVESTimate

$372,500

List Price

$1,790

$1,611 - $1,969

Rent Est.

$397,681  ( +6.76%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $168.93
  • 7 Days on Market
  • MLS # : 6115096
  • Updated Date : 08/20/2020 at 07:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,205 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

Garden Lakes Beauty!!! Amazingly secluded large backyard with fenced sparkling diving pool including water features and Backyard also boasts a grassy area with jungle gym for the kids entertainment. Home has 4 bedrooms, 3 baths, with one bedroom and bathroom downstairs. Large family room with wood burning brick fireplace and french doors exiting to covered patio, large living room with formal dining room. New carpet and tile, light fixtures, toilets, and new paint. Secure storage shed. and 2.5 car Garage with cabinets and work or hobbies bench. Truly a entertainers delight or large family home. 2 hour notice. Use docs in documents tab. Escrow is open with Great American Title Shannon Pells 602-412-4545 spells@azgat.com

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Garden Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $100k291k

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

Neighborhood: Garden Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8421567

* 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
Garden Lakes Elementary School Primary Regular 951 42 5
Garden Lakes Elementary School Middle Regular 951 42 5
Westview High School High Regular 2,456 94 2

Garden Lakes Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 42
5
GreatSchools Rating

Garden Lakes Elementary School

  • Education Level: Middle
  • # of students: 951
  • # of teachers: 42
5
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$335,250$409,750$372,500

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,374
Property Tax -$297
Property Insurance -$70
HOA -$44
Property Management Fees -$99
CASH FLOW
-$95

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.

$372,500

PROJECTED PRICE

$1,790

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.76%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,463

INVESTMENT

$104,463

Down Payment
$93,125
Rehab Estimate
$5,750
Closing Costs
$5,588

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,374

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,125
Loan Amount $279,375
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$17,735

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7004$1,7505$1,790
$1,790
RENT COMPS ANALYSIS
  • 3712 N Copenhagen Drive Avondale, 5
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.81
    •  
  • 3128 N Ivory Lane Avondale, 1
    • 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 1989
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 11610 W Palm Brook Drive Avondale, 2
    • 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
    •  
  • 11513 W Laurelwood Lane Avondale, 3
    • 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 1995
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 11458 W Clover Way Avondale, 4
    • 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 1990
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
PROPERTY LISTING DETAILS
Steven D Griffin
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6115096
Last Updated: 08/20/2020
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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