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4443 W Avalon Drive Phoenix, AZ 85031

4 Beds 2 Baths 1,740 sqft Built 1958

$269,995

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $155.17
  • 3 Days on Market
  • MLS # : 6172739
  • Updated Date : 12/18/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,740 sqft
  • Baths : 1 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Beautifully remodeled and very open and spacious. 4 bedroom, 1.75 bath plus garage. New flooring, new carpet, new kitchen. Very nice. Your clients will also like the fully fenced yard. This home is clean, vacant and easy to show.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Justine Spitalny Elementary School Primary Regular 630 31 2
Marc T. Atkinson Middle School Middle Regular 1,376 65 3
Maryvale High School High Regular 2,948 132 2

Justine Spitalny Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 31
2
GreatSchools Rating

Marc T. Atkinson Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 65
3
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$242,996$296,995$269,995

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$996
Property Tax -$163
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$29

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.

$269,995

PROJECTED PRICE

$1,290

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$77,299

INVESTMENT

$77,299

Down Payment
$67,499
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,499
Loan Amount $202,496
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$16,941

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,370

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,2753$1,2904$1,3505$1,495
$1,495
RENT COMPS ANALYSIS
  • 4443 W Avalon Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.74
    •  
  • 3725 W Meadowbrook Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.80
    •  
  • 3026 N 39th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.81
    •  
  • 2028 N 38th Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1954
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 2925 N 47th Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 1961
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.72
    •  
PROPERTY LISTING DETAILS
Robert Gurule
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172739
Last Updated: 12/18/2020
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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