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2225 E Lynne Lane Phoenix, AZ 85042

3 Beds 1 Baths 1,096 sqft Built 1959

$239,950

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $218.93
  • 5 Days on Market
  • MLS # : 6180316
  • Updated Date : 01/13/2021 at 19:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,096 sqft
  • Baths : 1 full
Listing Agent

Realty Executives

Listing Agent's Description

Beautiful remodel you do NOT want to miss! This home sits on a nice sized lot and has a new roof, new windows, new flooring throughout (carpet and laminate), new cabinets (kitchen and bath), new countertops, new tub and surround, new doors, new baseboards, new drywall and texture, new interior electrical wiring and electrical panel, updated HVAC and duct work, new stucco, and new interior and exterior paint. NEW NEW NEW! A must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
T.g. Barr School Primary Regular 516 29 2
T.g. Barr School Middle Regular 516 29 2
South Mountain High School High Regular 1,706 102 2

T.g. Barr School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

T.g. Barr School

  • Education Level: Middle
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$215,955$263,945$239,950

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$833
Property Tax -$156
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
$43

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.

$239,950

PROJECTED PRICE

$1,180

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.9%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$69,337

INVESTMENT

$69,337

Down Payment
$59,988
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,988
Loan Amount $179,963
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$17,890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,192

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0503$1,0504$1,1805$1,445
$1,445
RENT COMPS ANALYSIS
  • 2225 E Lynne Lane Phoenix, AZ 4
    • 3 beds 1 baths ∙ 1,096 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,096 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $1.08
    •  
  • 2302 E Lynne Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 941 Sqft ∙ Built 1959 3 beds 2 baths ∙ 941 Sqft ∙ Built 1959
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $1.01
    •  
  • 5006 S 22nd Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1970
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.02
    •  
  • 2232 E Burgess Lane Phoenix, AZ 3
    • 3 beds 1 baths ∙ 910 Sqft ∙ Built 1960 3 beds 1 baths ∙ 910 Sqft ∙ Built 1960
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.15
    •  
  • 4610 S 21st Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1947
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.17
    •  
PROPERTY LISTING DETAILS
Amanda Cocking
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180316
Last Updated: 01/13/2021
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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