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10944 W Lawrence Lane Peoria, AZ 85345

3 Beds 2 Baths 1,772 sqft Built 1992

$319,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $180.02
  • 2 Days on Market
  • MLS # : 6198876
  • Updated Date : 02/27/2021 at 11:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,772 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

**OPEN HOUSE SAT FEB 27, 10AM-4PM**Beautiful, updated, immaculate property, original owners. NO HOA, room for RV on side of property. Baths and kitchen are remodeled, gorgeous kitchen granite countertops and glass backsplash. Floor tile was just professionally cleaned. New roof 2011, pool remodeled 2013/new tile and pebble sheen and new filter system 2018, new patio door, Whirlpool Gold side- by-side stainless refrigerator 2011, new dishwasher 2018, new water heater 2012, new garbage disposal 2016, new Lift Master garage door opener 2017, lots of garage cabinets.Nothing left to improve here! Come tour this beautiful listing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Meadows Units

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $85k289k

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

Neighborhood: Country Meadows Units

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7771793

* 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
Raymond S. Kellis High School High Regular 1,928 75 4
Raymond S. Kellis High School High Unknown NA

Raymond S. Kellis High School

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

Raymond S. Kellis High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,108
Property Tax -$173
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$18

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$319,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$14k

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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$21,351

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
  • $1,551

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2203$1,4754$1,4995$1,575
$1,575
RENT COMPS ANALYSIS
  • 10944 W Lawrence Lane Peoria, AZ 1
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10442 W Seldon Lane Peoria, AZ 2
    • 4 beds 2 baths ∙ 1,581 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,581 Sqft ∙ Built 1978
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.77
    •  
  • 10643 W Seldon Lane Peoria, AZ 3
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1976
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.93
    •  
  • 11579 W Oglesby Avenue Youngtown, AZ 4
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.87
    •  
  • 8601 N 103rd Avenue #277 Peoria, AZ 5
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 2000
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.93
    •  
PROPERTY LISTING DETAILS
Deborah Kay Mitchell
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198876
Last Updated: 02/27/2021
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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