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9835 W Lapaz Lane Arizona City, AZ 85123

4 Beds 2 Baths 1,861 sqft Built 1998

$257,900

List Price

$870

$783 - $957

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $138.58
  • 5 Days on Market
  • MLS # : 6192148
  • Updated Date : 02/10/2021 at 02:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,861 sqft
  • Baths : 1 full , 1 half
Listing Agent

Tj Chase Realty Group, Inc

Listing Agent's Description

This beautiful well cared for home on large corner lot features 4 bedrooms, 2 bathrooms, vaulted ceilings, carpet & tile flooring, ceiling fans, recessed lighting in kitchen, island, pantry, built in desk, laundry room cabinets, security door, full length back patio, easy care landscape, 8x10 Tuff shed, RV gate, extra attic insulation, low E tinted windows with vinyl frames, leased solar and so much more!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85123

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Zip Code: 85123

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7011567

* 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
Toltec Elementary School Primary Regular NA
Vista Grande High Regular 1,907 68 3

Toltec Elementary School

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

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

$232,110$283,690$257,900

PURCHASE PRICE

$783$957$870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $870
EXPENSES Loan Payment -$896
Property Tax -$151
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$340

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.

$257,900

PROJECTED PRICE

$870

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$74,094

INVESTMENT

$74,094

Down Payment
$64,475
Rehab Estimate
$5,750
Closing Costs
$3,869

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$896

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,475
Loan Amount $193,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$127

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
  • $782

    COMP ESTIMATED VALUE
  • $0.42

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$849
$849
RENT COMPS ANALYSIS
  • 9835 W Lapaz Lane Arizona City, AZ 1
    • 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13295 S Durango Road #4 Arizona City, AZ 2
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2003
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $849
    • $0.42
    •  
PROPERTY LISTING DETAILS
Tom Chase
Tj Chase Realty Group, Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192148
Last Updated: 02/10/2021
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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