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4616 W Magdalena Lane Laveen, AZ 85339

3 Beds 2 Baths 1,931 sqft Built 2004

INVESTimate

$294,000

List Price

$1,380

$1,242 - $1,518

Rent Est.

$317,873  ( +8.12%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $152.25
  • 9 Days on Market
  • MLS # : 6119052
  • Updated Date : 08/23/2020 at 13:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,931 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

INVESTORS ONLY! Beautiful updated home in Laveen. Updated 3 Bedroom + Den with a huge corner oversized lot. Updated in 2017 with new paint inside and out, flooring, baseboards, hot water heater, granite countertops in the kitchen and bathrooms, Maytag appliances, drip system, security door, sunscreens, garbage disposal, sinks and AC compressor. Close to shopping and easy freeway access. Don't miss out this wonderful home! Book your appointment now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cheatham Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $93k271k

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

Neighborhood: Cheatham Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8771567

* 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
 

$264,600$323,400$294,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,085
Property Tax -$263
Property Insurance -$65
HOA -$68
Property Management Fees -$99
CASH FLOW
-$199

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.

$294,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.12%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,660

INVESTMENT

$83,660

Down Payment
$73,500
Rehab Estimate
$5,750
Closing Costs
$4,410

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,500
Loan Amount $220,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,300

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,482

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3753$1,3804$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 4616 W Magdalena Lane Laveen, 3
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.71
    •  
  • 8205 S 45th Lane Laveen, 1
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 2004
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.71
    •  
  • 4629 W Beverly Road Laveen, 2
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.78
    •  
  • 4621 W Melody Drive Laveen, 4
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 4528 W Melody Drive Laveen, 5
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
PROPERTY LISTING DETAILS
Vlad Voitovski
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119052
Last Updated: 08/23/2020
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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