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2812 W Lamar Road Phoenix, AZ 85017

3 Beds 2 Baths 1,815 sqft Built 1999

$349,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $192.78
  • 2 Days on Market
  • MLS # : 6207888
  • Updated Date : 03/20/2021 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,815 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Gorgeous one-story property in a gated community at Phoenix! This remodeled 3 bed, 2 bath home offers green lawn, shade tree, and 2 car garage. Step inside to discover a large living/dining room, wood plank tile, tons of natural light, and cozy family room. The delightful kitchen is equipped with beautiful harmony pearl cabinets, contrasting granite counters, nice appliances, and a peninsula w/breakfast bar. Double-doors open to a graceful master suite with dual vanity, soaking tub, step-in shower, and walk-in closet. Fully pavered patio w/colorful flowers is perfect for relaxing after a long day. This very private community has lush greenbelt. Close to I17, 10 min. from Downtown & 3 ml from Grand Canyon University!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lamar Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k280k

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

Neighborhood: Lamar Place

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
Palo Verde Middle School Middle Regular 925 46 3
Washington High School High Regular 1,714 73 4

Palo Verde Middle School

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

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,215
Property Tax -$209
Property Insurance -$63
HOA -$103
Property Management Fees -$99
CASH FLOW
-$349

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.

$349,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.0%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,159

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
  • $1,452

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,4834$1,4895$1,495
$1,495
RENT COMPS ANALYSIS
  • 2812 W Lamar Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7734 N 30th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1987
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 7755 N 19th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1981
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,483
    • $0.80
    •  
  • 7528 N 19th Avenue #4 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,877 Sqft ∙ Built 2003
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,489
    • $0.79
    •  
  • 7219 N 23rd Lane Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2004
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
PROPERTY LISTING DETAILS
Lisa Cheng
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207888
Last Updated: 03/20/2021
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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