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9970 W Lesna Drive Arizona City, AZ 85123

3 Beds 2 Baths 1,270 sqft Built 2001

$195,500

List Price

$830

$747 - $913

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $153.94
  • 14 Days on Market
  • MLS # : 6173635
  • Updated Date : 12/30/2020 at 09:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,270 sqft
  • Baths : 2 full
Listing Agent

Hawkins & Associates Realty, Inc.

Listing Agent's Description

START THE NEW YEAR RIGHT IN THIS IMMACULATE 3 BR HOME!!! Every detail has been attended to. Lots of curb appeal w/a front courtyard. Open floorplan features beautiful upgraded wood laminate flooring throughout except tile flooring in baths. LR has vaulted ceiling, plant shelf plus a spacious dining area. Kitchen has painted cabinets w/hardware, ceramic top stove & built in microwave Split 3 BR plan. Master BR has sliding doors to back patio, walk in master closet plus a full bath. Newer custom paint throughout home, ext. paint approx. 2yrs. old. Back yard features a full length patio w/a Pergola over part of it, RV gate off side yard & room for RV parking. Now add an extended 2 car garage 28 long by 24 wide, insulated garage door, tile roof, corner lot & fully fenced. Owner/agent,.

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 Middle School Primary Regular 428 29 3
Toltec Middle School Middle Regular 428 29 3
Vista Grande High Regular 1,907 68 3

Toltec Middle School

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 29
3
GreatSchools Rating

Toltec Middle School

  • Education Level: Middle
  • # of students: 428
  • # of teachers: 29
3
GreatSchools Rating

Vista Grande

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

$175,950$215,050$195,500

PURCHASE PRICE

$747$913$830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $830
EXPENSES Loan Payment -$721
Property Tax -$115
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$157

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.

$195,500

PROJECTED PRICE

$830

PROJECTED RENT

0.42%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,558

INVESTMENT

$57,558

Down Payment
$48,875
Rehab Estimate
$5,750
Closing Costs
$2,933

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$721

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,875
Loan Amount $146,625
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$3,042

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
  • $835

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7803$8004$8955$925
$925
RENT COMPS ANALYSIS
  • 9970 W Lesna Drive Arizona City, AZ 1
    • 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,270 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8550 W Monaco Boulevard #d Arizona City, AZ 2
    • 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 2005
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $780
    • $0.69
    •  
  • 15914 S Yava Road Arizona City, AZ 3
    • 3 beds 3 baths ∙ 1,234 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,234 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $0.65
    •  
  • 9072 W Oneida Drive Arizona City, AZ 4
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.65
    •  
  • 8569 W Raven Drive Arizona City, AZ 5
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 2005
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.64
    •  
PROPERTY LISTING DETAILS
Andres Montes Rodriguez
Hawkins & Associates Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173635
Last Updated: 12/30/2020
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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