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4330 W Monte Way Laveen, AZ 85339

5 Beds 4 Baths 3,706 sqft Built 2005

$449,900

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $121.40
  • 6 Days on Market
  • MLS # : 6158706
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,706 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart Success

Listing Agent's Description

Look no further! You've found the home you longed for! Located in Laveen, this 5 bed, 3.5 bath property boasts desert landscaping with a 3 car garage and much, much more! Inside you will find large dining and living areas, a spacious loft, plantation shutters throughout, and neutral paint. The fabulous kitchen is worthy of a chef, with its ample cabinetry, pantry, granite countertops & backsplash, matching appliances including a wall oven, and island with breakfast bar. The grandiose master bedroom will leave you speechless, with its spacious walk-in closet and full bath with double sinks, as well as separate jacuzzi tub and shower. Also including a stunning backyard with a covered patio and grassy area, this home simply has it all! Showings only during Open House this Saturday and Sunday.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobbins Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $107k358k

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

Neighborhood: Dobbins Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9071981

* 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
Betty Fairfax High School High Regular 1,903 104 3
Phoenix Coding Academy High Regular NA

Betty Fairfax High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 104
3
GreatSchools Rating

Phoenix Coding Academy

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

$404,910$494,890$449,900

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,660
Property Tax -$402
Property Insurance -$99
HOA -$31
Property Management Fees -$99
CASH FLOW
-$81

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.

$449,900

PROJECTED PRICE

$2,210

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$21,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,539

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,210
1$2,2102$2,2993$2,3954$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 4330 W Monte Way Laveen, AZ 1
    • 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.60
    •  
  • 5335 W Gwen Street Laveen, AZ 2
    • 5 beds 4 baths ∙ 3,738 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,738 Sqft ∙ Built 2007
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.62
    •  
  • 4109 W Lydia Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,370 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,370 Sqft ∙ Built 2005
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.71
    •  
  • 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
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.71
    •  
  • 4411 W Paseo Way Laveen, AZ 5
    • 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.70
    •  
PROPERTY LISTING DETAILS
Cesar Ochoa
Homesmart Success
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158706
Last Updated: 11/13/2020
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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