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7024 W Alta Vista Road Laveen, AZ 85339

3 Beds 2 Baths 1,634 sqft Built 2005

$268,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $164.01
  • 6 Days on Market
  • MLS # : 6152758
  • Updated Date : 11/02/2020 at 18:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

A fabulous 3 bed, 2 bath property located in Laveen is coming soont! Featuring low maintenance landscaping with a 2 car garage and much, much more, you simply have to come see it to believe it! Inside you will find large dining and living areas with neutral paint and travertine tile throughout. Open kitchen with its ample cabinetry, pantry, granite countertops, matching appliances, and breakfast bar. The stunning master bedroom boasts a full bath with double sinks and a spacious walk-in closet for all your belongings. The cozy backyard, with its covered patio and artificial grass area, is perfect for kicking back and relaxing after a hard day's work!

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

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
 

$241,200$294,800$268,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$989
Property Tax -$239
Property Insurance -$59
HOA -$47
Property Management Fees -$99
CASH FLOW
-$193

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.

$268,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.46%

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$100k$200k$300k$400k$500k$600k$700k$800k

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,770

INVESTMENT

$76,770

Down Payment
$67,000
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,000
Loan Amount $201,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,336

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,2993$1,3494$1,3655$1,550
$1,550
RENT COMPS ANALYSIS
  • 7024 W Alta Vista Road Laveen, AZ 1
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.76
    •  
  • 7107 W St Catherine Avenue Laveen, AZ 2
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.79
    •  
  • 7310 W St Charles Avenue Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2007
    property image
    LEASED 05/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.83
    •  
  • 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
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.84
    •  
  • 6307 S 69th Glen Laveen, AZ 5
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 2004
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
PROPERTY LISTING DETAILS
Jason Bunting
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152758
Last Updated: 11/02/2020
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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