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4201 W Lawrence Lane Phoenix, AZ 85051

3 Beds 2 Baths 1,719 sqft Built 1965

$315,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $183.25
  • 6 Days on Market
  • MLS # : 6153332
  • Updated Date : 10/29/2020 at 18:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,719 sqft
  • Baths : 2 full
Listing Agent

Revinre

Listing Agent's Description

Stunning Custom Remodeled Single Story Family Home with an incredible list of updates!! This house come with your own private pool, a large lot, updated landscaping/plants.This fully remodeled 3 bedroom home with a sparkling pool, has kitchen with granite counters tops, newer appliances and plenty of cabinet space. You will have your own private laundry room as well.This house has a nice feel and floorplan with new carpet in the bedrooms, closets, family room fireplace, and all new flooring thoughout the home. Freshly painted inside and out, new faucets, new lighting and hardware even updated fans! The master bathroom has brand new toilets, new tile, new vanities, and looks amazing.Spacious garage with area for a work shop, new pool equipment and much more. Won't last long!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Manzanita Elementary School Primary Regular 797 41 4
Manzanita Elementary School Middle Regular 797 41 4
Apollo High School High Regular 1,976 91 6

Manzanita Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 41
4
GreatSchools Rating

Manzanita Elementary School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 41
4
GreatSchools Rating

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$1,162
Property Tax -$188
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$240

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,600

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,401

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,245
1$1,2452$1,2703$1,2954$1,4505$1,499
$1,499
RENT COMPS ANALYSIS
  • 4201 W Lawrence Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.74
    •  
  • 4039 W El Caminito Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.80
    •  
  • 4141 W Orchid Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.80
    •  
  • 4249 W Townley Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1966
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 4134 W Las Palmaritas Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1966
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.83
    •  
PROPERTY LISTING DETAILS
Michael J Ellis
Revinre
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153332
Last Updated: 10/29/2020
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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