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7909 S 73rd Lane Laveen, AZ 85339

4 Beds 2 Baths 1,703 sqft Built 2007

$295,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $173.22
  • 3 Days on Market
  • MLS # : 6184664
  • Updated Date : 01/23/2021 at 23:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Lovely Laveen Meadows home in excellent location, near brand new shopping centers with easy access to the recently completed 202 Freeway. Popular split floor plan with 4 bedrooms, 2 bathrooms, mature trees and vegetation, brand new carpet and paint throughout the home, ALL new stainless appliances, new disposal and more. This home has been kept in great condition and is ready for your personal touches!

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

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,025
Property Tax -$264
Property Insurance -$60
HOA -$60
Property Management Fees -$99
CASH FLOW
-$178

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

$1,330

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-$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.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,375

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3653$1,3954$1,4955$1,595
$1,595
RENT COMPS ANALYSIS
  • 7909 S 73rd Lane Laveen, AZ 1
    • 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,703 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.78
    •  
  • 7323 W St Charles Avenue Laveen, AZ 2
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.84
    •  
  • 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
    •  
  • 7313 W St Catherine Avenue Laveen, AZ 5
    • 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 2007
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
PROPERTY LISTING DETAILS
Blake C Boyer
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184664
Last Updated: 01/23/2021
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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