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5142 W Avalon Drive Phoenix, AZ 85031

3 Beds 2 Baths 1,380 sqft Built 1958

$215,000

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $155.80
  • 4 Days on Market
  • MLS # : 6162362
  • Updated Date : 11/20/2020 at 12:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,380 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Clean home with 3 bedrooms and 2 baths.Large covered patio, RV gate , 1 car garage, all tile floors, and extra storage in the back!RV gate and plenty of slab parking.Tenant in the property on a month to month lease. Lease rate is $1350 / month and tenants would like to stay!

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
Frank Borman Elementary School Primary Regular 1,241 56 1
Frank Borman Elementary School Middle Regular 1,241 56 1
Maryvale High School High Regular 2,948 132 2

Frank Borman Elementary School

  • Education Level: Primary
  • # of students: 1,241
  • # of teachers: 56
1
GreatSchools Rating

Frank Borman Elementary School

  • Education Level: Middle
  • # of students: 1,241
  • # of teachers: 56
1
GreatSchools Rating

Maryvale High School

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

$193,500$236,500$215,000

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$793
Property Tax -$129
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$86

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.

$215,000

PROJECTED PRICE

$990

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$8,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $990

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,087

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9903$1,2454$1,2995$1,345
$1,345
RENT COMPS ANALYSIS
  • 5142 W Avalon Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $990
    • $0.72
    •  
  • 3840 N 43rd Avenue #44 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1975
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.76
    •  
  • 3823 N 48th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.80
    •  
  • 5826 W Campbell Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.77
    •  
  • 6241 W Wolf Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
PROPERTY LISTING DETAILS
Merri Krugen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162362
Last Updated: 11/20/2020
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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