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3210 E Laurel Lane Phoenix, AZ 85028

3 Beds 2 Baths 1,306 sqft Built 1994

$357,500

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $273.74
  • 2 Days on Market
  • MLS # : 6160646
  • Updated Date : 11/14/2020 at 12:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,306 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Nicely updated 3 bed, 2 bath. New interior paint. Plantation Shutters. Laminate wood floors throughout. Vaulted ceilings. Open floor plan. Kitchen has white cabinets, beautiful granite counters, SS appliances and gorgeous lighting. Sizable bedrooms. Master has two closet and a full bath. Garage has epoxy floors. The backyard is low maintenance with a covered patio and brick paver extended patio. This is a perfect starter home! Close to schools, shopping, dining and major freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Summer Lane

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Summer Lane

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Desert Cove Elementary School Primary Regular 523 37 6
Desert Cove Elementary School Middle Regular 523 37 6
Shadow Mountain High School High Regular 1,390 67 3

Desert Cove Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 37
6
GreatSchools Rating

Desert Cove Elementary School

  • Education Level: Middle
  • # of students: 523
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$321,750$393,250$357,500

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,319
Property Tax -$225
Property Insurance -$53
HOA -$19
Property Management Fees -$99
CASH FLOW
-$175

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.

$357,500

PROJECTED PRICE

$1,540

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

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$100,488

INVESTMENT

$100,488

Down Payment
$89,375
Rehab Estimate
$5,750
Closing Costs
$5,363

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,319

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,375
Loan Amount $268,125
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,735

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
  • $1,695

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6954$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 3210 E Laurel Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3753 E Charter Oak Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1976
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.16
    •  
  • 3218 E Cortez Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,307 Sqft ∙ Built 1994
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.30
    •  
  • 3212 E Laurel Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1994
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.37
    •  
  • 3238 E Poinsettia Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.36
    •  
PROPERTY LISTING DETAILS
Troy Lee Jones
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160646
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.

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