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7027 W Alicia Drive Laveen, AZ 85339

4 Beds 2 Baths 1,800 sqft Built 2015

$320,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $177.78
  • 4 Days on Market
  • MLS # : 6208828
  • Updated Date : 03/19/2021 at 20:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,800 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Charming 4 bed, 2 bath home waiting for you in Laveen. This split floor plan is open and ready to entertain. The kitchen has a large island with granite countertops, tons of cabinet space and a gas stove waiting for your culinary skills to be put to the test. Shiny tile throughout the main living area brightens this space. Spacious owners suite with a bay window, large en-suite, walk-in shower with separate soaking tub. Enjoy your private oasis under the covered patio that overlooks a beautiful wash. Conveniently located next to the loop 202, popular restaurants, shopping, hiking and so much more

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Laveen Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8671567

* 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,111
Property Tax -$286
Property Insurance -$62
HOA -$60
Property Management Fees -$99
CASH FLOW
-$179

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.

$320,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,872

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,422

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3993$1,4404$1,4955$1,695
$1,695
RENT COMPS ANALYSIS
  • 7027 W Alicia Drive Laveen, AZ 3
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.80
    •  
  • 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
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.79
    •  
  • 6322 W Constance Way Laveen, AZ 2
    • 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 2006
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.76
    •  
  • 7915 S 73rd Drive Laveen, AZ 4
    • 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 2007
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
  • 6339 W Fawn Drive Laveen, AZ 5
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2006
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
PROPERTY LISTING DETAILS
Kim Panozzo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208828
Last Updated: 03/19/2021
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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