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9814 S 26th Lane Phoenix, AZ 85041

4 Beds 2 Baths 2,288 sqft Built 2003

$399,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $174.78
  • 4 Days on Market
  • MLS # : 6175984
  • Updated Date : 01/01/2021 at 17:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,288 sqft
  • Baths : 2 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

Prepare to be amazed! Come and see this wonderful 4 bed, 2 bath property now for sale in Phoenix! A beautiful facade, desert landscaping, 3 car garage, this home has it all and more! The lavish interior features large dining and living areas with vaulted ceilings, as well as plantation shutters throughout. The fabulous kitchen is comprised of ample cabinetry with granite & tile countertops, a pantry, high-end appliances, and an island with a breakfast bar that overlooks into the family room. The beautiful custom brick wall in family room makes for great cozy evenings. Inside the grandiose master bedroom you will find a spacious walk-in closet and a full bath with double sinks, not to mention separate tub and shower.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Citrus Mountain Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k367k

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

Neighborhood: Citrus Mountain Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341979

* 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
Southwest Elementary School Primary Regular 499 26 2
Southwest Elementary School Middle Regular 499 26 2
Cesar Chavez High School High Regular 2,575 131 3

Southwest Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 26
2
GreatSchools Rating

Southwest Elementary School

  • Education Level: Middle
  • # of students: 499
  • # of teachers: 26
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,475
Property Tax -$260
Property Insurance -$72
HOA -$39
Property Management Fees -$99
CASH FLOW
-$205

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.

$399,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,132

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
  • $1,808

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6504$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 9814 S 26th Lane Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9410 S 34th Lane Laveen, AZ 2
    • 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2017
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 9431 S 33rd Drive Laveen, AZ 3
    • 4 beds 3 baths ∙ 1,991 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,991 Sqft ∙ Built 2008
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 3336 W Hayduk Road Laveen, AZ 4
    • 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2016
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 3411 W Hayduk Road Laveen, AZ 5
    • 3 beds 3 baths ∙ 2,444 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,444 Sqft ∙ Built 2017
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.73
    •  
PROPERTY LISTING DETAILS
Barbie Lindsey
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175984
Last Updated: 01/01/2021
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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