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7313 S 74th Lane Laveen, AZ 85339

4 Beds 2 Baths 2,145 sqft Built 2005

$330,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $153.85
  • 3 Days on Market
  • MLS # : 6193577
  • Updated Date : 02/13/2021 at 17:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,145 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

What a well-taken care of gem in desirable Laveen! This dreamy single level property offers you low maintenance landscaping and 3 car garage plus slab. Inside, you will find a welcoming interior that features designer paint, tiled flooring, roomy bedrooms, a large living area with a lovely chandelier, carpet in all the right places, and a cozy family room. The spotless eat-in kitchen boasts high-end appliances, granite countertops, a walk-in pantry, ample cabinetry, and an island with a sink & breakfast bar. The charming master bedroom offers an exit to the back and a lavish bathroom with a separate tub, step-in shower, private toilet room, and a walk-in closet with mirrored sliding door. Nicely landscaped backyard features a covered patio where you can enjoy relaxing afternoons! Call now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k271k

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

Neighborhood: Laveen Ranch

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

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,146
Property Tax -$295
Property Insurance -$69
HOA -$65
Property Management Fees -$99
CASH FLOW
-$104

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

$1,570

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.1%
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-$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$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 55% 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

3.58

YEARS SAVED

$10,445

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,695

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,5703$1,7054$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 7313 S 74th Lane Laveen, AZ 2
    • 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.73
    •  
  • 7336 W St Catherine Avenue Laveen, AZ 1
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2007
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.70
    •  
  • 7328 W St Catherine Avenue Laveen, AZ 3
    • 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2007
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,705
    • $0.77
    •  
  • 7263 W Alta Vista Road Laveen, AZ 4
    • 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2005
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 7429 W Darrel Road Laveen, AZ 5
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2008
    property image
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
PROPERTY LISTING DETAILS
Brett Tanner
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193577
Last Updated: 02/13/2021
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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