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4930 W St Kateri Drive Laveen, AZ 85339

4 Beds 2 Baths 1,634 sqft Built 2006

$255,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $156.06
  • 2 Days on Market
  • MLS # : 6157835
  • Updated Date : 11/07/2020 at 16:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Luxe Real Estate Group

Listing Agent's Description

ATTENTION INVESTORS--Stable, long-term tenant in place until 2/28/2022. Incredible opportunity to buy below market in the popular Rogers Ranch community. Cute 4BR home with tile roof, grass at backyard, newer water heater and dishwasher. Kitchen features smooth-top range, fridge and built-in micro. Spacious master bedroom with walk-in closet. Tile flooring at all major walkways and bathrooms. Quiet cul-de-sac street. Rogers Ranch has lots of nice common areas and is located near Laveen amenities. Don't miss this great opportunity!

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

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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$941
Property Tax -$228
Property Insurance -$59
HOA -$68
Property Management Fees -$99
CASH FLOW
-$55

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.

$255,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.53%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,344

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3403$1,3954$1,4255$1,490
$1,490
RENT COMPS ANALYSIS
  • 4930 W St Kateri Drive Laveen, AZ 2
    • 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,634 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.82
    •  
  • 4930 W Novak Way Laveen, AZ 1
    • 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2004
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.85
    •  
  • 4609 W Beverly Road Laveen, AZ 3
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 7210 S 46th Drive Laveen, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jay Martinez
Luxe Real Estate Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157835
Last Updated: 11/07/2020
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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