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7818 S 74th Avenue Laveen, AZ 85339

4 Beds 3 Baths 1,825 sqft Built 2006

$295,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $161.64
  • 4 Days on Market
  • MLS # : 6165076
  • Updated Date : 11/28/2020 at 19:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,825 sqft
  • Baths : 3 full
Listing Agent

United Brokers Group

Listing Agent's Description

Step into this LOVELY home in a quiet location, near the greenbelt w/FABULOUS views of the Estrella mtns! 4 beds, 3 full baths (1 guest suite) plus a den or flex space, this home has it all! The kitchen features upgraded 42'' offset maple cabinets with pullouts galore, a huge double door pantry, plus a long bar space & island. Other features include a massive security door, built in speakers, security cameras, suncscreens & upgraded ceiling fans & tile thruout. But the backyard is the bomb! Backing up to the Res, this land will never be spoiled. The breathtaking views of the gorgeous sunsets & the ultra quiet is unreal. The only sounds are the wind blowing through the plain or the footsteps of a jogger on the trails. Extended patio & lush grass/mature trees complete it. Come see it today!

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 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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,088
Property Tax -$264
Property Insurance -$63
HOA -$55
Property Management Fees -$99
CASH FLOW
-$229

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.

$295,000

PROJECTED PRICE

$1,340

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$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$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$3,976

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
  • $1,396

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,3954$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 7818 S 74th Avenue Laveen, AZ 1
    • 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7331 W Magdalena Lane Laveen, AZ 2
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2007
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 7116 W Fawn Drive Laveen, AZ 3
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2007
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.74
    •  
  • 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
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
  • 6924 S 77th Lane Laveen, AZ 5
    • 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2016
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
PROPERTY LISTING DETAILS
Koni Gould
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165076
Last Updated: 11/28/2020
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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