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3112 W Desert Lane Laveen, AZ 85339

3 Beds 3 Baths 3,459 sqft Built 2007

$530,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $153.22
  • 2 Days on Market
  • MLS # : 6206838
  • Updated Date : 03/13/2021 at 16:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,459 sqft
  • Baths : 2 full , 1 half
Listing Agent

Superlative Realty

Listing Agent's Description

Stately living in the heart of South Mountain! Large home on a spacious lot and secluded, at the end of a cul-de-sac. Highly upgraded throughout. The kitchen boasts high grade granite countertops and stainless-steel appliances. Built-in double oven and gas cooktop! Huge master suite, with a nook for a sitting area. Large master bathroom with deep soaking bathtub. Generous step-in shower and dual granite vanity. Sizeable walk-in closet. Formal living and dining areas and a great room in the back. Fully enclosed office/den. 18'' off-set travertine tile, upgraded carpeting and large baseboards. Five car garage! Close to the hiking trails of South Mountain. Only one owner.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estates at Sierra Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $107k369k

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

Neighborhood: Estates at Sierra Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9072106

* 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
Cesar Chavez High School High Regular 2,575 131 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Cesar Chavez High School

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

Phoenix Coding Academy

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

Phoenix Coding Academy

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

$477,000$583,000$530,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,841
Property Tax -$460
Property Insurance -$95
HOA -$126
Property Management Fees -$99
CASH FLOW
-$631

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.

$530,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$292

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
  • $2,052

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$1,8004$2,400
$2,400
RENT COMPS ANALYSIS
  • 3112 W Desert Lane Laveen, AZ 1
    • 3 beds 3 baths ∙ 3,459 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,459 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3427 W St Anne Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,212 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,212 Sqft ∙ Built 2007
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.54
    •  
  • 6510 S 41st Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,370 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,370 Sqft ∙ Built 2005
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.53
    •  
  • 8931 S 40th Drive Laveen, AZ 4
    • 4 beds 3 baths ∙ 3,395 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,395 Sqft ∙ Built 2007
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.71
    •  
PROPERTY LISTING DETAILS
Robert M Olson
Superlative Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206838
Last Updated: 03/13/2021
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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