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7039 S Golfside Lane Phoenix, AZ 85042

3 Beds 2 Baths 1,703 sqft Built 2000

$389,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $228.42
  • 3 Days on Market
  • MLS # : 6187034
  • Updated Date : 01/29/2021 at 02:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

You will be close to everything and still feel hidden away! This beautiful home in The Legacy community is close to downtown Phoenix, Sky Harbor Airport, ASU and Tempe. You will be close to sporting and cultural events. The Legacy Golf Resort is your neighbor. Hike! Mountain Bike! South Mountain Park is just south of this home. This home's kitchen was completely remodeled in 2020...new tile floors & backsplash, all new appliances, including profile counter-depth refridgerator, island seating, custom cabinets, pull-out shelves in pantry, pots & pan drawers, 42'' uppers with upper LED lighted display cabinets and floating shelves. The main bedroom was beautifully remodled in 2019. Entertain on your huge patio with outdoor backyard lighting. Schedule a viewing this weekend!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Encanto at the Legacy

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k288k

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

Neighborhood: Encanto at the Legacy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9341649

* 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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
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
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,351
Property Tax -$253
Property Insurance -$60
HOA -$88
Property Management Fees -$99
CASH FLOW
-$191

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.

$389,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.1%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$9,026

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,831

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6254$1,7005$1,900
$1,900
RENT COMPS ANALYSIS
  • 7039 S Golfside Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3136 E Donner Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2007
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 2960 E Darrow Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2006
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.06
    •  
  • 2631 E Beverly Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 1999
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
  • 7029 S Golfside Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 2000
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.13
    •  
PROPERTY LISTING DETAILS
Michael Maloney
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187034
Last Updated: 01/29/2021
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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