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10239 W Lawrence Lane Peoria, AZ 85345

4 Beds 3 Baths 2,517 sqft Built 2017

$399,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $158.52
  • 2 Days on Market
  • MLS # : 6159151
  • Updated Date : 11/28/2020 at 18:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,517 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

This home has all the options! Highly upgraded and well taken care of. You will find that this home has so many features to make it a fabulous home. 4 bedrooms + a den (that can be converted to a 5th bedroom). 3 full bathrooms, coffered ceilings, 42'' cabinets, large granite island, extra led lighting (and wired for pendants) & pull out shelves in the kitchen. 2 tone paint, tandem garage complete with built in shelving. The laundry room, main bedroom closet & entry nook have cabinets that were added. Nicely landscaped backyard, artificial turf and desert landscape complete w/ a view of the white tank mountains in the distance. With no direct neighbors behind you, this is a very private yard. Storage galore within the tech closet (use as pantry, sm office, etc) in the center of the home .

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pine

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Pine

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8181793

* 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
Country Meadows Elementary School Primary Regular 1,179 53 4
Country Meadows Elementary School Middle Regular 1,179 53 4
Raymond S. Kellis High School High Regular 1,928 75 4

Country Meadows Elementary School

  • Education Level: Primary
  • # of students: 1,179
  • # of teachers: 53
4
GreatSchools Rating

Country Meadows Elementary School

  • Education Level: Middle
  • # of students: 1,179
  • # of teachers: 53
4
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,472
Property Tax -$284
Property Insurance -$76
HOA -$65
Property Management Fees -$99
CASH FLOW
-$227

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.

$399,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$9,679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7154$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 10239 W Lawrence Lane Peoria, AZ 1
    • 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11586 W Duran Avenue Youngtown, AZ 2
    • 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2005
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
  • 11009 W Frier Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1998
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $0.75
    •  
  • 10180 W Golden Lane Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 8979 W Orchid Lane Peoria, AZ 5
    • 5 beds 4 baths ∙ 2,620 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,620 Sqft ∙ Built 2016
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
PROPERTY LISTING DETAILS
Melissa J Twitchell
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159151
Last Updated: 11/28/2020
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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