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6907 W Irwin Avenue Laveen, AZ 85339

3 Beds 2 Baths 1,634 sqft Built 2006

$310,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $189.72
  • 2 Days on Market
  • MLS # : 6187650
  • Updated Date : 01/30/2021 at 00:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Welcome to one of the nicest homes in the great community of Laveen Farms. The home's curb appeal is exceptional with exterior having recently been painted and landscaping updated. As you enter through the attractive security door into the family room you will enjoy the open, light and bright floor plan with new carpet throughout and recently painted interior. Chef's rejoice as the open kitchen with walk in pantry includes new tile backsplash, a new refrigerator, stove and microwave. The bedrooms are generously sized with the master and second bedroom both having walk in closets. Many great times will be spent in the backyard with covered patio, refreshing pool with updated variable speed pump and view fencing to community greenbelt. This nicely updated and meticulously maintained

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $107k285k

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

Neighborhood: Laveen Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9071567

* 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
Betty Fairfax High School High Regular 1,903 104 3
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

Betty Fairfax High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 104
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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,077
Property Tax -$277
Property Insurance -$59
HOA -$72
Property Management Fees -$99
CASH FLOW
-$254

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.

$310,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,287

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,348

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3253$1,3304$1,3655$1,495
$1,495
RENT COMPS ANALYSIS
  • 6907 W Irwin Avenue Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.81
    •  
  • 7107 W St Catherine Avenue Laveen, AZ 1
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.79
    •  
  • 6928 S 77th Lane Laveen, AZ 2
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2016
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
  • 7323 W St Charles Avenue Laveen, AZ 4
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.84
    •  
  • 7915 S 73rd Drive Laveen, AZ 5
    • 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 2007
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
PROPERTY LISTING DETAILS
Rick Harris
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187650
Last Updated: 01/30/2021
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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