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7704 S 64th Lane Laveen, AZ 85339

3 Beds 3 Baths 1,598 sqft Built 2006

$249,900

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $156.38
  • 5 Days on Market
  • MLS # : 6169376
  • Updated Date : 12/12/2020 at 14:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,598 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Lovely 2 story, 3 bedroom 2.5 bath home in very peaceful neighborhood. This charming home features a laminate flooring upstairs loft and hallways, tile throughout kitchen, dining and living room and epoxy coated garage floors. Community pool and kids and playground. Close and easy access to 202 Fwy, and within minutes of stores and restaurants. MOVE IN READY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Avalon Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Avalon Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8151567

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$922
Property Tax -$223
Property Insurance -$58
HOA -$62
Property Management Fees -$99
CASH FLOW
-$155

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$249,900

PROJECTED PRICE

$1,210

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,861

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
  • $1,278

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2994$1,3995$1,550
$1,550
RENT COMPS ANALYSIS
  • 7704 S 64th Lane Laveen, AZ 1
    • 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7806 S 64th Lane Laveen, AZ 2
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 2006
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.84
    •  
  • 7107 W St Catherine Avenue Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.79
    •  
  • 6322 W Constance Way Laveen, AZ 4
    • 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 2006
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.76
    •  
  • 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
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
PROPERTY LISTING DETAILS
Arturo V Plascencia
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169376
Last Updated: 12/12/2020
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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