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2336 W Laredo Lane Phoenix, AZ 85085

5 Beds 3 Baths 3,742 sqft Built 2006

$560,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $149.65
  • 3 Days on Market
  • MLS # : 6187125
  • Updated Date : 01/30/2021 at 16:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,742 sqft
  • Baths : 3 full
Listing Agent

Ironwood Fine Properties

Listing Agent's Description

Mature trees and a covered front patio welcome your family each day to this sprawling 5 bedroom, 3 bath home. Natural light generously spills into each room, enhancing the sensation of space and comfort. This home boasts large bedrooms and a bonus room for everyone's hobbies. A cozy fireplace, coupled with wood flooring in the living room, make for a place you won't want to leave. Stainless steel appliances and granite countertops in the kitchen extend luxury to meals and casual get-togethers.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carefree Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k376k

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

Neighborhood: Carefree Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Barry Goldwater High School High Regular 1,856 88 4

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,945
Property Tax -$335
Property Insurance -$100
HOA -$15
Property Management Fees -$99
CASH FLOW
-$175

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.

$560,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$18,402

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,507

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3203$2,5004$2,6005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2336 W Laredo Lane Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,742 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,742 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.62
    •  
  • 33306 N 23rd Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,758 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,758 Sqft ∙ Built 2006
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.59
    •  
  • 3022 W Gran Paradiso Drive Phoenix, AZ 3
    • 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.63
    •  
  • 2318 W Via Perugia -- Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,966 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,966 Sqft ∙ Built 2008
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.66
    •  
  • 33406 N 23rd Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,758 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,758 Sqft ∙ Built 2006
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.80
    •  
PROPERTY LISTING DETAILS
Kory Gilliland
Ironwood Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187125
Last Updated: 01/30/2021
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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