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1611 W Lydia Lane Phoenix, AZ 85041

5 Beds 3 Baths 2,209 sqft Built 2002

$319,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $144.82
  • 2 Days on Market
  • MLS # : 6176401
  • Updated Date : 01/02/2021 at 18:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,209 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Spacious and Beautiful is this 5 bedrooms 3 bath home, built in 2002 for a big family. This gorgeous property has a feeling of a small castle, with a foyer entrance, high vaulted ceilings, a den/small office, family room/living room, amazing kitchen with an island, that conveniently has one downstairs bedroom, next to a full bathroom. The ample in-suite master bedroom is located upstairs, with 3 more spacious bedroom, full bathroom and up-stairs laundry room. The back yard is great size waiting for your unique design. This property will fly, don't let it go.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Acacia

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $73k271k

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

Neighborhood: Acacia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8181567

* 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
Ignacio Conchos School Primary Regular 413 22 3
Ignacio Conchos School Middle Regular 413 22 3
Cesar Chavez High School High Regular 2,575 131 3

Ignacio Conchos School

  • Education Level: Primary
  • # of students: 413
  • # of teachers: 22
3
GreatSchools Rating

Ignacio Conchos School

  • Education Level: Middle
  • # of students: 413
  • # of teachers: 22
3
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$287,910$351,890$319,900

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 -$1,180
Property Tax -$208
Property Insurance -$70
HOA -$60
Property Management Fees -$99
CASH FLOW
$153

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.

$319,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.4%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$38,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,883

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7703$1,8434$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 1611 W Lydia Lane Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,209 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,209 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.80
    •  
  • 1523 W Saint Catherine Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2002
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.76
    •  
  • 1707 W Pollack Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,843
    • $0.87
    •  
  • 7212 S 15th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 6029 S 15th Drive Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,349 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,349 Sqft ∙ Built 2004
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Ivan Valdez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176401
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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