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4061 W Coles Road Laveen, AZ 85339

4 Beds 3 Baths 1,990 sqft Built 2019

$349,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $175.83
  • 3 Days on Market
  • MLS # : 6209726
  • Updated Date : 03/19/2021 at 22:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,990 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome to your next home nestled in a serene cul-de-sac! Immaculate interior has a great room floor plan with speakers in the living area and tile flooring throughout. Wide open kitchen features center island w/breakfast bar, pantry, stainless steel appliances, tile back-splash, and white cabinets that complements the granite counter-tops. Upstairs, you will find a nice-size loft ideal for an office/study area. Spacious master suite includes an en-suite with double sinks, rain shower, and walk-in closet. Gorgeous backyard offers covered patio, sparkling pool, and artificial turf. Can't miss out this awesome home! Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montana Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k292k

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

Neighborhood: Montana Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8601567

* 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
Cheatham Elementary School Primary Regular 862 44 3
Cheatham Elementary School Middle Regular 862 44 3
Cesar Chavez High School High Regular 2,575 131 3

Cheatham Elementary School

  • Education Level: Primary
  • # of students: 862
  • # of teachers: 44
3
GreatSchools Rating

Cheatham Elementary School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 44
3
GreatSchools Rating

Cesar Chavez High School

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

$314,910$384,890$349,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,215
Property Tax -$313
Property Insurance -$66
HOA -$96
Property Management Fees -$99
CASH FLOW
-$99

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.

$349,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.2%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,072

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,652

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5753$1,6904$1,7755$1,795
$1,795
RENT COMPS ANALYSIS
  • 4061 W Coles Road Laveen, AZ 3
    • 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.85
    •  
  • 4010 W Irwin Avenue Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2002
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 4128 W Gary Way Laveen, AZ 2
    • 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 2016
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.81
    •  
  • 7202 S 40th Avenue Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,061 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,061 Sqft ∙ Built 2002
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.86
    •  
  • 3909 W Park Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,093 Sqft ∙ Built 2002
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
PROPERTY LISTING DETAILS
Tyler Blair
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209726
Last Updated: 03/19/2021
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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