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2733 W Lawrence Lane Phoenix, AZ 85051

3 Beds 2 Baths 1,452 sqft Built 1954

$274,900

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $189.33
  • 3 Days on Market
  • MLS # : 6167771
  • Updated Date : 12/04/2020 at 12:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

Welcome home is how you feel when you step inside this remarkable single level property centered in desirable Phoenix. This beautiful house gives you carport space and an easy care desert landscaping with a citrus tree. The impressive interior is a dream come true with 3 bed, 2 bath, gorgeous wood-like tile, neutral color palette, and so much natural light throughout the entire house. Practice your cooking skills in this delightful eat-in kitchen offering luxurious pendant and recessed lighting, breakfast bar, back-splash, and high-end appliances. Step inside this bright master bedroom to find a lavish en-suite with walk-in closet. Large backyard with storage shed, paved patio, and sparkling blue pool is ready for entertainers. You know you have found the one. Start calling today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alta Vista

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $72k271k

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

Neighborhood: Alta Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6461567

* 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
Washington Elementary School Primary Regular 957 49 3
Palo Verde Middle School Middle Regular 925 46 3
Cortez High School High Regular 1,127 55 4

Washington Elementary School

  • Education Level: Primary
  • # of students: 957
  • # of teachers: 49
3
GreatSchools Rating

Palo Verde Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 46
3
GreatSchools Rating

Cortez High School

  • Education Level: High
  • # of students: 1,127
  • # of teachers: 55
4
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$1,014
Property Tax -$164
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$183

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.

$274,900

PROJECTED PRICE

$1,150

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
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-$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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,234

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,1503$1,2494$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 2733 W Lawrence Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.79
    •  
  • 3326 W Northern Avenue #1 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1974
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.79
    •  
  • 8608 N 33rd Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1960
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.80
    •  
  • 2615 W Augusta Avenue #1 Phoenix, AZ 4
    • 3 beds 1 baths ∙ 1,630 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,630 Sqft ∙ Built 1954
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 2332 W Diana Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1959
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Brian Kingdeski
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167771
Last Updated: 12/04/2020
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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