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1510 S 80th Lane Phoenix, AZ 85043

3 Beds 2 Baths 1,685 sqft Built 2004

$279,999

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $166.17
  • 2 Days on Market
  • MLS # : 6187592
  • Updated Date : 01/29/2021 at 22:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,685 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Lovely home in Cordova Estates, 3 bedroom, 2 bath plus den. Close access to major freeways and commercial districts. Large open great room, that flows into open dining and kitchen. 2 car garage with extra storage. Neutral tile in all rooms except bedrooms. Ceiling fans in all rooms. Camera security system with a DVR, and simply safe video door bell.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cordova Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $73k271k

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

Neighborhood: Cordova Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7671567

* 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
Sun Canyon Elementary School Primary Regular 605 31 4
Santa Maria Middle School Middle Regular 700 33 3
Sierra Linda High School High Regular 1,883 72 1

Sun Canyon Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 31
4
GreatSchools Rating

Santa Maria Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 33
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$251,999$307,999$279,999

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$973
Property Tax -$162
Property Insurance -$60
HOA -$55
Property Management Fees -$99
CASH FLOW
-$178

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.

$279,999

PROJECTED PRICE

$1,170

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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-$4.0k-$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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $209,999
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,205

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,2503$1,3004$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 1510 S 80th Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.69
    •  
  • 1804 S 84th Drive Tolleson, AZ 2
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002
    LEASED 03/09/18
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.68
    •  
  • 8233 W Papago Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.71
    •  
  • 1501 S 81st Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 2003
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.71
    •  
  • 8313 W Cocopah Street Tolleson, AZ 5
    • 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2003
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
PROPERTY LISTING DETAILS
Joshua D Akins
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187592
Last Updated: 01/29/2021
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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