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4116 W Lydia Lane Phoenix, AZ 85041

3 Beds 2 Baths 2,142 sqft Built 2005

$330,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $154.06
  • 4 Days on Market
  • MLS # : 6205685
  • Updated Date : 03/12/2021 at 00:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,142 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

Beautiful, turn-key home in highly desirable Vineyard Commons. This semi-custom home boasts an open concept, stainless steel appliances and granite countertop. In addition to the great room, the unique hallway leads to another huge area that can be used a a formal living room and dining room. The master bathroom contains a jetted tub and a separate shower. Perfectly finished backyard great for entertaining. New paint inside and out, new carpet, and close to 202 and I10!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vineyard Commons

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k302k

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

Neighborhood: Vineyard Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621730

* 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
Cesar Chavez High School High Regular 2,575 131 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,146
Property Tax -$262
Property Insurance -$69
HOA -$75
Property Management Fees -$99
CASH FLOW
-$61

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.

$330,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.2%
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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,730

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,5953$1,6254$1,7755$1,795
$1,795
RENT COMPS ANALYSIS
  • 4116 W Lydia Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.74
    •  
  • 6334 S 37th Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 2006
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.73
    •  
  • 4042 W Pollack Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,093 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,093 Sqft ∙ Built 2001
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.78
    •  
  • 7202 S 40th Avenue Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,061 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,061 Sqft ∙ Built 2002
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.86
    •  
  • 3909 W Park Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2002
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
PROPERTY LISTING DETAILS
Krysten Giordano
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205685
Last Updated: 03/12/2021
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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