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1917 E Lawrence Road Phoenix, AZ 85016

4 Beds 3 Baths 2,402 sqft Built 1965

$700,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $291.42
  • 3 Days on Market
  • MLS # : 6190163
  • Updated Date : 02/19/2021 at 20:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,402 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Elite Properties

Listing Agent's Description

OPEN HOUSE THIS SUNDAY!! 02-21-2021 - Location, location, location! Very impressive home on a huge pie-shaped lot is now for sale! Excellent location one block walk to marvelous Granada Park-tennis, lakes, and playgrounds. Warm & inviting interior provides multiple living spaces for entertainment and a cozy fireplace great for the cold months. Enjoy the free & clear SOLAR PANELS that are on the house! In the wonderful backyard, you can relax under the covered patio or play in the blue diving pool while gazing at the amazing mountains. Let's not forget about the RV gate/parking and the garage with extended driveway! All of this nestled in a quiet cul-de-sac.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crown Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k478k

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

Neighborhood: Crown Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342546

* 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
Madison Heights Elementary School Primary Regular 538 30 8
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Regular NA

Madison Heights Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 30
8
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating

Phoenix Coding Academy

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

$630,000$770,000$700,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,431
Property Tax -$503
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
-$347

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.

$700,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$14,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $3,297

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$2,760
1$2,7602$3,0003$3,0004$3,0005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1917 E Lawrence Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $1.15
    •  
  • 6818 N 22nd Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1968
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.43
    •  
  • 2218 E Cactus Wren Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,061 Sqft ∙ Built 1969 3 beds 3 baths ∙ 2,061 Sqft ∙ Built 1969
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.46
    •  
  • 1739 E Ocotillo Road Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,700 Sqft ∙ Built 1957 4 beds 4 baths ∙ 2,700 Sqft ∙ Built 1957
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.11
    •  
  • 6710 N 21st Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,351 Sqft ∙ Built 1966 3 beds 2 baths ∙ 2,351 Sqft ∙ Built 1966
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.49
    •  
PROPERTY LISTING DETAILS
Eidan Avi Azuly
Arizona Elite Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190163
Last Updated: 02/19/2021
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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