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5419 E Avalon Drive Phoenix, AZ 85018

4 Beds 3 Baths 2,750 sqft Built 1955

$799,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $290.55
  • 6 Days on Market
  • MLS # : 6188901
  • Updated Date : 02/25/2021 at 21:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,750 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Great location with with just over 2,700 square feet. This home includes 4 bedrooms, 3 bathroom, open family room and office. Wood flooring throughout, along with tile and carpet in 2 of the bedrooms. Eat in kitchen with bay window. This living/dining room opens to a large family room with fireplace. Upgrades include solar panels, tankless water heater, newer HVAC, new roof and sparkling jetted pool. Close to Veritas, Ingleside and Arcadia Park.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sherwood Towne

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k465k

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

Neighborhood: Sherwood Towne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342258

* 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
Tavan Elementary School Primary Regular 718 43 5
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Tavan Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 43
5
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,775
Property Tax -$414
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$88

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.

$799,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.1%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$39,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $3,790

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$3,280
1$3,2802$3,4503$3,5004$3,6255$3,750
$3,750
RENT COMPS ANALYSIS
  • 5419 E Avalon Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,693 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $1.22
    •  
  • 5739 E Calle Del Paisano -- Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1957
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.46
    •  
  • 6132 E Rose Circle Drive Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1958
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.42
    •  
  • 5514 E Verde Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 1954 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 1954
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,625
    • $1.38
    •  
  • 4540 E Heatherbrae Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.37
    •  
PROPERTY LISTING DETAILS
Lara Broadrick
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188901
Last Updated: 02/25/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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