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4837 W Leodra Lane Laveen, AZ 85339

3 Beds 3 Baths 1,853 sqft Built 2017

$319,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $172.64
  • 2 Days on Market
  • MLS # : 6196815
  • Updated Date : 02/20/2021 at 21:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,853 sqft
  • Baths : 2 full , 1 half
Listing Agent

Zion Realty, Llc

Listing Agent's Description

Amazing home in a gated community! Updated throughout with modern colors and finishes. Kitchen has large island, granite counter tops, pendant lighting, and stainless appliances. Flooring throughout all the main traffic areas has been updated and is gorgeous. Large rooms. Backyard is beautiful with low-maintenance artificial turf and pavers!

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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,111
Property Tax -$286
Property Insurance -$63
HOA -$100
Property Management Fees -$99
CASH FLOW
-$229

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.

$319,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,036

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,510

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4253$1,4304$1,4905$1,600
$1,600
RENT COMPS ANALYSIS
  • 4837 W Leodra Lane Laveen, AZ 3
    • 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.77
    •  
  • 7206 S 54th Lane Laveen, AZ 1
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.77
    •  
  • 7210 S 46th Drive Laveen, AZ 2
    • 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2010
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.84
    •  
  • 7009 S 42nd Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2004
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.81
    •  
  • 5523 W Carson Road Laveen, AZ 5
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jake Carter
Zion Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196815
Last Updated: 02/20/2021
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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