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8230 S 70th Drive Laveen, AZ 85339

3 Beds 2 Baths 1,467 sqft Built 2015

$280,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $190.87
  • 4 Days on Market
  • MLS # : 6178011
  • Updated Date : 01/15/2021 at 17:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,467 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

A must see! This is an immaculate home that you absolutely have to check out!! Upgraded hardwood floors throughout home that were installed after home was built. COMPLETE SOLAR SYSTEM - 20 year lease completely pre-paid!!!! Located on a corner lot which offers a nice lot size!!!! Very spacious floorplan which is perfect for entertaining in this home. The master bedroom boasts a spacious walk-in closet and the bathroom is highlighted with dual sink vanities! A dedicated laundry space and dining space that adds to the luxury of this beautiful single level home. The huge selling point of this home is the backyard! Backyard has a beautiful pool and gorgeous landscaping that also has a nice size covered patio for your entertaining needs. Upgrades include:Network Cat 5

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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$973
Property Tax -$255
Property Insurance -$56
HOA -$60
Property Management Fees -$99
CASH FLOW
-$22

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.

$280,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.51%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$13,554

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,232

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3653$1,420
$1,420
RENT COMPS ANALYSIS
  • 8230 S 70th Drive Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.97
    •  
  • 7806 S 64th Lane Laveen, AZ 1
    • 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
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Unikki Mcmillian
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178011
Last Updated: 01/15/2021
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.

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