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8733 W Lawrence Lane Peoria, AZ 85345

2 Beds 2 Baths 1,171 sqft Built 1986

$240,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $204.95
  • 2 Days on Market
  • MLS # : 6187687
  • Updated Date : 01/31/2021 at 02:57
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,171 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Super Cute Home with 2 large bedrooms and separate Office with closet. 3rd bedroom was converted into an open concept office, great room concept with Soaring ceilings and plant shelves! Double RV Gate and RV Parking (3500 SQ. FT of Concrete added) with dumping station. NO HOA!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westgreen Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k289k

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

Neighborhood: Westgreen Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7801793

* 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
Raymond S. Kellis High School High Regular 1,928 75 4
Raymond S. Kellis High School High Unknown NA

Raymond S. Kellis High School

  • Education Level: High
  • # of students: 1,928
  • # of teachers: 75
4
GreatSchools Rating

Raymond S. Kellis High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$834
Property Tax -$130
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
$7

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.

$240,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.2%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$14,994

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
  • $1,058

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9003$9504$1,075
$1,075
RENT COMPS ANALYSIS
  • 8733 W Lawrence Lane Peoria, AZ 1
    • 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10201 N 97th Avenue #a Peoria, AZ 2
    • 2 beds 2 baths ∙ 1,025 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,025 Sqft ∙ Built 1973
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.88
    •  
  • 10101 N 96th Avenue #a Peoria, AZ 3
    • 2 beds 2 baths ∙ 1,072 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,072 Sqft ∙ Built 1978
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.89
    •  
  • 9627 W Ironwood Drive #a Peoria, AZ 4
    • 2 beds 2 baths ∙ 1,144 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,144 Sqft ∙ Built 1978
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.94
    •  
PROPERTY LISTING DETAILS
Aminta J Grant
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187687
Last Updated: 01/31/2021
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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