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

3109 S 72nd Lane Phoenix, AZ 85043

4 Beds 3 Baths 2,219 sqft Built 2005

$345,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $155.48
  • 2 Days on Market
  • MLS # : 6159602
  • Updated Date : 11/14/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,219 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Here is the home you've been waiting for! Over sized lot (almost 10,000sqft). RV gate, Heated pebble tech pool and spa. This beautiful 4bed/2.5bath home also offers 20ft ceilings. 1 bedroom on bottom floor with a half bath.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sienna Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sienna Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Tuscano Elementary School Primary Regular 719 34 4
Western Valley Middle School Middle Regular 795 41 3
Sierra Linda High School High Regular 1,883 72 1

Tuscano Elementary School

  • Education Level: Primary
  • # of students: 719
  • # of teachers: 34
4
GreatSchools Rating

Western Valley Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 41
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,273
Property Tax -$199
Property Insurance -$70
HOA -$78
Property Management Fees -$99
CASH FLOW
-$70

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.

$345,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.1%
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$10k$12k$14k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,760

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,520

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,5254$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 3109 S 72nd Lane Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,219 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 7208 W Crown King Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.62
    •  
  • 7312 W Cordes Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2004
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 7217 W Globe Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,048 Sqft ∙ Built 2006
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.74
    •  
  • 3115 S 74th Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2006
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
PROPERTY LISTING DETAILS
Edith Callihan
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159602
Last Updated: 11/14/2020
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