Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2043 N 77th Lane Phoenix, AZ 85035

3 Beds 4 Baths 1,383 sqft Built 2016

$242,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $174.98
  • 4 Days on Market
  • MLS # : 6175839
  • Updated Date : 12/31/2020 at 17:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,383 sqft
  • Baths : 3 full , 1 half
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

Built in 2016, this Phoenix three-story home offers 3 bedrooms, 3.5 baths, granite countertops, stainless steel appliances, and a two-car garage. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vinsanto

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $76k271k

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

Neighborhood: Vinsanto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7691567

* 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
Manuel Pena Jr. Elementary School Primary Regular 923 38 2
Estrella Middle School Middle Regular 1,338 55 4
Trevor Browne High School High Regular 3,077 144 3

Manuel Pena Jr. Elementary School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 38
2
GreatSchools Rating

Estrella Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 55
4
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$217,800$266,200$242,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$893
Property Tax -$146
Property Insurance -$54
HOA -$120
Property Management Fees -$99
CASH FLOW
-$92

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.

$242,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,880

INVESTMENT

$69,880

Down Payment
$60,500
Rehab Estimate
$5,750
Closing Costs
$3,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$893

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,500
Loan Amount $181,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,511

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,262

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,3503$1,3504$1,3955$1,425
$1,425
RENT COMPS ANALYSIS
  • 2043 N 77th Lane Phoenix, AZ 1
    • 3 beds 4 baths ∙ 1,383 Sqft ∙ Built 2016 3 beds 4 baths ∙ 1,383 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.88
    •  
  • 1610 N 77th Glen Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,537 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,537 Sqft ∙ Built 2016
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 8322 W Lewis Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,449 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,449 Sqft ∙ Built 2007
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 7762 W Alvarado Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2013
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 2531 N 73rd Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 2016
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.90
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175839
Last Updated: 12/31/2020
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.

BESbswy