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4420 W Pleasant Lane Laveen, AZ 85339

5 Beds 3 Baths 2,887 sqft Built 2006

$395,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $136.82
  • 4 Days on Market
  • MLS # : 6199226
  • Updated Date : 02/27/2021 at 20:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,887 sqft
  • Baths : 3 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

Gorgeous 5 bed, 3 bath Laveen home you will be blown away by the excellent curb appeal! The formal dining and living room is perfect for entertaining. Throughout the house there are tiled floors & carpet. the kitchen has granite countertops, stainless steel appliances. The kitchen and family room overlooking one another is the perfect place to gather with friends and family. There is a bedroom and bathroom downstairs that is perfect for when guests come to town.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rogers Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Rogers Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Phoenix Coding Academy High Unknown 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

Phoenix Coding Academy

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

$355,500$434,500$395,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,372
Property Tax -$353
Property Insurance -$83
HOA -$45
Property Management Fees -$99
CASH FLOW
-$132

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.

$395,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.7%
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-$5.0k$0.0$5.0k$10k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,654

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
  • $1,898

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5954$1,7755$2,200
$2,200
RENT COMPS ANALYSIS
  • 4420 W Pleasant Lane Laveen, AZ 1
    • 5 beds 3 baths ∙ 2,887 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,887 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4926 W St Kateri Drive Laveen, AZ 2
    • 5 beds 3 baths ∙ 2,634 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,634 Sqft ∙ Built 2006
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.55
    •  
  • 4609 W Park Street Laveen, AZ 3
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.63
    •  
  • 4601 W Park Street Laveen, AZ 4
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.70
    •  
  • 4844 W Leodra Lane Laveen, AZ 5
    • 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 2015
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
PROPERTY LISTING DETAILS
Margie Wilkins
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199226
Last Updated: 02/27/2021
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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