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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $140.76
- 2 Days on Market
- MLS # : 6186715
- Updated Date : 02/06/2021 at 21:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,522 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Original Owners, move in ready, meticulously maintained 4 bed, 2.5 bath, 2522 sq ft! Chef's kitchen with granite counter tops, cherry wood cabinets, gas stove, built in microwave, refrigerator, pendant lights over the oversized kitchen island and recessed ceiling lights. Formal dining room can easily be converted to a private office. Decorative tray ceilings . Spacious open floor plan connects living room and kitchen. Great for gatherings. Relax in your over-sized split master bedroom, tiled shower, tub and large walk-in closet. Other bedrooms feature walk-in closets. Tile flooring in the high traffic areas, carpet in two bedrooms and one bedroom has wood flooring. Custom blinds throughout. Laundry room with washer, dryer. MORE
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PRICE & RENT TRENDS
Neighborhood: Artesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Artesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$336 | |
| Property Insurance | -$76 | |
| HOA | -$90 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$134
|
||
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.
$355,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
3.25
YEARS SAVED
$9,510
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,772
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
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4210 W Beautiful Lane Laveen, AZ 1
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7233 S 39th Drive Laveen, AZ 2
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LEASED 12/01/19- Rent
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- $1,570
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7430 S 40th Lane Phoenix, AZ 3
- 3 beds 3 baths ∙ 2,321 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,321 Sqft ∙ Built 2001
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,595
- $0.69
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7502 S 45th Avenue Laveen, AZ 4
- 5 beds 4 baths ∙ 2,385 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,385 Sqft ∙ Built 2005
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,600
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4120 W Gary Way Laveen, AZ 5
- 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2016
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,900
- $0.75
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186715
Last Updated: 02/06/2021
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.
