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4609 W Mcneil Street Laveen, AZ 85339

5 Beds 5 Baths 3,783 sqft Built 2005

$475,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $125.56
  • 5 Days on Market
  • MLS # : 6179397
  • Updated Date : 01/14/2021 at 01:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,783 sqft
  • Baths : 4 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful 5 bedroom, 4.5 bath with a loft home has been upgraded in all the right places. Large formal living room and dining room gives you that extra space needed for everyone to spread out. Designer kitchen has Granite countertops, tiled backsplash, double ovens, wine rack, large pantry, Stainless Steel appliances, electric cook top and breakfast bar. Kitchen opens up to the family room on one side and a separate breakfast room on the other. Large master bathroom has separate sinks, sunken tub and large titled walk-in shower with dual heads. Outside entertaining is at it's best with pavered patios, low maintenance artificial grass, stone fireplace and built-in BBQ kitchen. This home has it all! 5 minutes from the 202.

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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,650
Property Tax -$424
Property Insurance -$101
HOA -$93
Property Management Fees -$99
CASH FLOW
$23

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.

$475,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.50%

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$0.0$5.0k$10k$15k$20k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$25,581

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
  • $2,434

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2994$2,600
$2,600
RENT COMPS ANALYSIS
  • 4609 W Mcneil Street Laveen, AZ 1
    • 5 beds 5 baths ∙ 3,783 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,783 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9007 S 53rd Drive Laveen, AZ 2
    • 4 beds 4 baths ∙ 3,592 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,592 Sqft ∙ Built 2006
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.61
    •  
  • 5335 W Gwen Street Laveen, AZ 3
    • 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
    •  
  • 4411 W Paseo Way Laveen, AZ 4
    • 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
Danae B Watts
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179397
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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