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7010 W Irwin Avenue Laveen, AZ 85339

4 Beds 3 Baths 2,598 sqft Built 2006

$330,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $127.02
  • 3 Days on Market
  • MLS # : 6206475
  • Updated Date : 03/13/2021 at 22:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,598 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous two story Laveen home available in desirable Laveen Farms. Excellent community with lovely parks and walking trails, just minutes from the 202, shopping and restaurants. Must see interior is bright and imaculately maintained. Ideal floorplan offers a formal living/dining area as well as a spacious open concept family room. Large eat in kitchen is complete with plenty of cabinet and counter space and a breakfast bar. Beautiful wood look and tile flooring flow throughout the entire home. All bedrooms are upstairs as well as a large loft with lots of possibilities. Double door entry to the owners suite complete with a walk in closet and a full ensuite. 2 car garage. Huge backyard offers a covered patio and room for pets, play, entertaining and more. Don't hesitate to make it yours.

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 Regular NA
Phoenix Coding Academy High Unknown 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
 

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

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,146
Property Tax -$295
Property Insurance -$78
HOA -$72
Property Management Fees -$99
CASH FLOW
$0

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.

$330,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.51%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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

5.25

YEARS SAVED

$17,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,871

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6753$1,6904$1,8505$2,100
$2,100
RENT COMPS ANALYSIS
  • 7010 W Irwin Avenue Laveen, AZ 3
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.65
    •  
  • 6512 S 72nd Lane Laveen, AZ 1
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2006
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 7347 W Maldonado Road Laveen, AZ 2
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2007
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.64
    •  
  • 7352 W Valencia Drive Laveen, AZ 4
    • 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,449 Sqft ∙ Built 2006
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 7009 W Irwin Avenue Laveen, AZ 5
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2006
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Patrick M Monahan
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206475
Last Updated: 03/13/2021
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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