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6423 W Lawrence Road Glendale, AZ 85301

3 Beds 2 Baths 1,112 sqft Built 1976

$229,500

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $206.38
  • 3 Days on Market
  • MLS # : 6172695
  • Updated Date : 12/18/2020 at 10:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,112 sqft
  • Baths : 2 full
Listing Agent

Bevco Properties, Llc

Listing Agent's Description

GREAT 3 BED 2 BATH HOUSE WITH A 2 CAR GARAGE! MINUTES FROM SHOPPING, DINING AND ENTERTAINMENT! FRESH INTERIOR PAINT! NEWER FIXTURES! BRAND NEW CARPET! ALL APPLIANCES INCLUDING WASHER AND DRYER INCLUDED! LARGE BACK YARD WITH A HUGE COVERED PATIO READY FOR WHATEVER YOUR CLIENTS CAN DREAM OF! THIS WILL GO QUICK! THANKS FOR SHOWING!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ocotillo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
Harold W. Smith School Primary Regular 930 47 3
Harold W. Smith School Middle Regular 930 47 3
Glendale High School High Regular 1,719 75 4

Harold W. Smith School

  • Education Level: Primary
  • # of students: 930
  • # of teachers: 47
3
GreatSchools Rating

Harold W. Smith School

  • Education Level: Middle
  • # of students: 930
  • # of teachers: 47
3
GreatSchools Rating

Glendale High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 75
4
GreatSchools Rating
 

$206,550$252,450$229,500

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$847
Property Tax -$132
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$46

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.

$229,500

PROJECTED PRICE

$1,080

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,568

INVESTMENT

$66,568

Down Payment
$57,375
Rehab Estimate
$5,750
Closing Costs
$3,443

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$847

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,375
Loan Amount $172,125
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$12,673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $962

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,080
1$1,0802$1,0953$1,1254$1,1955$1,295
$1,295
RENT COMPS ANALYSIS
  • 6423 W Lawrence Road Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.97
    •  
  • 5817 N 59th Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 1,331 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,331 Sqft ∙ Built 1984
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.82
    •  
  • 5811 N 59th Drive Glendale, AZ 3
    • 3 beds 3 baths ∙ 1,331 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,331 Sqft ∙ Built 1984
    property image
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.85
    •  
  • 6952 W Rancho Drive Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1972
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 6731 N 65th Avenue Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1977
    property image
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lucas Bevans
Bevco Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172695
Last Updated: 12/18/2020
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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