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913 N 111th Drive Avondale, AZ 85323

3 Beds 3 Baths 2,075 sqft Built 2006

$259,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $125.25
  • 2 Days on Market
  • MLS # : 6160765
  • Updated Date : 11/14/2020 at 16:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,075 sqft
  • Baths : 2 full , 1 half
Listing Agent

Apartment Hunters

Listing Agent's Description

THIS STUNNING 2 STORY HOME FEATURES 3 BEDROOMS, 2.5 BATHS, LARGE FAMILY ROOM AND A LARGE LOFT. KITCHEN HAS A BREAKFAST BAR, ISLAND AND NICE PANTRY. THE LARGE MASTER BEDROOM HAS DOUBLE DOORS AND A EXTRA LARGE WALK IN CLOSET. NEW CARPET DOWNSTAIR, FRESH INTERIOR PAINT THROUGHOUT, YOU WILL NOT WANT TO MISS THIS ONE! THE PROPERTY IS IN EXCELLENT CONDITION AND READY FOR A NEW OWNER.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Waterford Square

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Waterford Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8341567

* 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
Littleton Elementary School Primary Regular 813 58 2
Littleton Elementary School Middle Regular 813 58 2
La Joya Community High School High Regular 2,051 84 1

Littleton Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 58
2
GreatSchools Rating

Littleton Elementary School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 58
2
GreatSchools Rating

La Joya Community High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 84
1
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$959
Property Tax -$186
Property Insurance -$68
HOA -$91
Property Management Fees -$99
CASH FLOW
-$3

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.

$259,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$16,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,556

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4754$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 913 N 111th Drive Avondale, AZ 2
    • 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.67
    •  
  • 605 N 119th Drive Avondale, AZ 1
    • 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,793 Sqft ∙ Built 2007
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 11717 W Lincoln Street Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2004
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.74
    •  
  • 11721 W Lincoln Street Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2004
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.75
    •  
  • 11586 W Jefferson Street Avondale, AZ 5
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
PROPERTY LISTING DETAILS
Ryan Boxrud
Apartment Hunters
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160765
Last Updated: 11/14/2020
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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