Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7920 S 54th Lane Laveen, AZ 85339

4 Beds 4 Baths 2,800 sqft Built 2007

$349,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $124.96
  • 4 Days on Market
  • MLS # : 6178160
  • Updated Date : 01/08/2021 at 17:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,800 sqft
  • Baths : 3 full , 1 half
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This 4 Bedroom 3.5 Bath home at Estrella Mountain Village is in a great location, close to Restaurants, Shopping, Schools, Playground, and Quick access to the New 202 Fwy. This Gorgeous 2 story is a great home for family gatherings. With a well thought out open concept floor plan. A Large Kitchen with Stainless Steel Appliances, upgraded lighting, Filtered Water, and Lots of cabinet space. Your Master Suite offers great space, an abundance of natural light, a walk in closet, dual vanity, shower, and soaking tub. This home also offers upgraded ceiling fans, 2'' blinds, and a Jack & Jill bathroom with 2 separate vanity's. Your backyard has an extended patio with manual sunshades, a fountain water feature, paver walk way along the side of the house, and a security door to the

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Mountain Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $107k342k

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

Neighborhood: Estrella Mountain Village

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,215
Property Tax -$313
Property Insurance -$82
HOA -$84
Property Management Fees -$99
CASH FLOW
-$193

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.

$349,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,261

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $1,680

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6003$1,6954$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 7920 S 54th Lane Laveen, AZ 2
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.57
    •  
  • 7910 S 53rd Lane Laveen, AZ 1
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2006
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.59
    •  
  • 5328 W Winston Drive Laveen, AZ 3
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2007
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.61
    •  
  • 5414 W Harwell Road Laveen, AZ 4
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2007
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.61
    •  
  • 8310 S 47th Lane Laveen, AZ 5
    • 5 beds 3 baths ∙ 2,974 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,974 Sqft ∙ Built 2004
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.59
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178160
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy