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7022 S 44th Lane Laveen, AZ 85339

3 Beds 2 Baths 1,537 sqft Built 2003

$285,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $185.43
  • 3 Days on Market
  • MLS # : 6187567
  • Updated Date : 01/30/2021 at 22:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,537 sqft
  • Baths : 2 full
Listing Agent

Prestige Realty

Listing Agent's Description

A charming 3 bed, 2 bath property located in Laveen is now on the market! Featuring desert front landscaping, 2 car garage, open floor plan, and neutral paint throughout, you simply have to come see it for yourself! The elegant kitchen is equipped with everything you need for home cooking, ample cabinet and counter space, a pantry, and matching appliances. The cozy master bedroom boasts a full bath along with a spacious walk-in closet, and the lovely backyard, with its covered patio and Synthetic turf grass in front in back , perfect for spending a relaxing evening after a hard day's work! Don't let the opportunity to make this your home slip by, schedule a showing today!

SEE MORE

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
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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$990
Property Tax -$255
Property Insurance -$57
HOA -$63
Property Management Fees -$99
CASH FLOW
-$174

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.

$285,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 0.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,286

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3503$1,4254$1,490
$1,490
RENT COMPS ANALYSIS
  • 7022 S 44th Lane Laveen, AZ 1
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.84
    •  
  • 7011 S 38th Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 2004
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 7210 S 46th Drive Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2010
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.84
    •  
  • 7009 S 42nd Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2004
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.81
    •  
PROPERTY LISTING DETAILS
Ramiro Gonzalez
Prestige Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187567
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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