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2007 S 82nd Lane Phoenix, AZ 85043

3 Beds 2 Baths 1,827 sqft Built 2001

$305,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $166.94
  • 2 Days on Market
  • MLS # : 6168050
  • Updated Date : 12/05/2020 at 17:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,827 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Nice curb appeal with fresh exterior paint for this 3 bed, 2 bath cul-de-sac lot home. Tile floors in the main traffic areas. Family room has beautiful laminate wood floors with built-in niches and vaulted ceilings. Formal dining. The eat-in kitchen has a plethora of oak cabinets, black appliances, breakfast bar and pantry. Home office. The master has vaulted ceilings, full bath and a walk-in closet. Bedrooms have plush carpeting & ceiling fans. The backyard has a covered patio, extended patio with a Ramada and a nice lawn area for the kids & pets to play! HVAC replaced 2016. Surround sound system and security cameras included! Close to schools, shopping and the I-10.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundance Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sundance Ranch

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
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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$1,125
Property Tax -$176
Property Insurance -$63
HOA -$51
Property Management Fees -$99
CASH FLOW
-$264

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.

$305,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,247

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
  • $1,366

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,4504$1,4955$1,535
$1,535
RENT COMPS ANALYSIS
  • 2007 S 82nd Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 03/09/18
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.68
    •  
  • 8610 W Chickasaw Street Tolleson, AZ 3
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2002
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.77
    •  
  • 2022 S 85th Avenue Tolleson, AZ 4
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2002
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 8316 W Hamster Lane Tolleson, AZ 5
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2003
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.78
    •  
PROPERTY LISTING DETAILS
Robin Renee Boos
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168050
Last Updated: 12/05/2020
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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