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7318 W Darrel Road Laveen, AZ 85339

3 Beds 2 Baths 1,266 sqft Built 2007

INVESTimate

$252,000

List Price

$1,070

$963 - $1,177

Rent Est.

$272,311  ( +8.06%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $199.05
  • 28 Days on Market
  • MLS # : 6110177
  • Updated Date : 08/21/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,266 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Located in a prime location in Laveen is the 3 bedroom, 2 bathroom home! Plenty of features throughout including: tile and carpet flooring, ceiling fans, inside laundry with washer and dryer, and the home is pre-wired for a security system. The eat-in kitchen has granite counters, black appliances (including fridge!), and an undermount sink. The master bedroom is huge with a walk-in closet and bathroom with a bathtub/shower duo. Lastly, the property has a beautiful backyard with a North/South exposure, a covered patio, a block wall, a play pool, as well as a 2-car garage with epoxy flooring and a water softener. Close to Trailside Point Park, the Salt River, Laveen Village Marketplace for shopping and dining, Home Depot, and more! Easy access throughout the Metro area via the AZ-202.

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
 

$226,800$277,200$252,000

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$930
Property Tax -$225
Property Insurance -$52
HOA -$72
Property Management Fees -$99
CASH FLOW
-$308

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.

$252,000

PROJECTED PRICE

$1,070

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.06%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,530

INVESTMENT

$72,530

Down Payment
$63,000
Rehab Estimate
$5,750
Closing Costs
$3,780

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$930

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,000
Loan Amount $189,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$377

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
  • $1,068

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,3254$1,349
$1,349
RENT COMPS ANALYSIS
  • 7318 W Darrel Road Laveen, 1
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7806 S 64th Lane Laveen, 2
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 2006
    property image
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.84
    •  
  • 6928 S 77th Lane Laveen, 3
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2016
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
  • 6447 W Sophie Lane Laveen, 4
    • 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 2005
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.84
    •  
PROPERTY LISTING DETAILS
Daniel Brown
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6110177
Last Updated: 08/21/2020
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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