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7003 S 43rd Drive Laveen, AZ 85339

4 Beds 3 Baths 2,138 sqft Built 2003

INVESTimate

$339,000

List Price

$1,480

$1,332 - $1,628

Rent Est.

$339,373  ( +0.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $158.56
  • 5 Days on Market
  • MLS # : 6109893
  • Updated Date : 08/24/2020 at 17:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,138 sqft
  • Baths : 3 full
Listing Agent

Delex Realty

Listing Agent's Description

1/4 ACRE WITH POOL, RV GATE, SKYLIGHTS. HUGH BACKYARD. CLOSE TO SHOPPING, SCHOOLS, PARKS. Please schedule showimg after 8/26

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PRICE & RENT TRENDS

Neighborhood: Country Glen

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Country Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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 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
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,251
Property Tax -$303
Property Insurance -$69
HOA -$63
Property Management Fees -$99
CASH FLOW
-$304

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.

$339,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 0.11%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,470

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4453$1,4804$1,4905$1,595
$1,595
RENT COMPS ANALYSIS
  • 7003 S 43rd Drive Laveen, 3
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.69
    •  
  • 7217 S 45th Avenue Laveen, 1
    • 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 2005
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.63
    •  
  • 4319 W Darrel Road Laveen, 2
    • 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2005
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.67
    •  
  • 7406 S 40th Lane Phoenix, 4
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2001
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.71
    •  
  • 4347 W Alta Vista Road Laveen, 5
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2005
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.74
    •  
PROPERTY LISTING DETAILS
Francisca Alvarez
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6109893
Last Updated: 08/24/2020
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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