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4934 W Lariat Lane Phoenix, AZ 85083

4 Beds 4 Baths 3,296 sqft Built 2005

$675,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $204.79
  • 9 Days on Market
  • MLS # : 6154792
  • Updated Date : 11/18/2020 at 12:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,296 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Elegant ranch-style home located in beautiful Centennial at Stetson Valley! Enjoy spectacular mountain views and stunning curb appeal! This meticulously kept home offers 12' ceilings throughout, and features a gorgeous rotunda-like entry. The Gourmet kitchen w/ butler's pantry includes double ovens, refrigerator, microwave, dishwasher along w/ enormous granite countertops accented by magnificent hardwood flooring makes for an entertaining delight. A spacious breakfast nook ideal to ignite the day! Beautiful travertine flooring throughout entry and hallways, along w/ four spacious bedrooms and office w/ plush carpeting. Master includes dual closets and spa-like natural stone bath w/ large garden tub, separate shower and dual sink vanities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k487k

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

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342160

* 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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,490
Property Tax -$404
Property Insurance -$91
HOA -$24
Property Management Fees -$99
CASH FLOW
-$819

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.

$675,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$940

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
  • $2,052

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,1504$2,2495$2,395
$2,395
RENT COMPS ANALYSIS
  • 4934 W Lariat Lane Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,296 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,296 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5424 W Rowel Road Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,423 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,423 Sqft ∙ Built 2006
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.58
    •  
  • 5511 W Tether Trail Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,423 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,423 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.63
    •  
  • 5303 W Pinnacle Vista Drive Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2008
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $0.62
    •  
  • 5123 W Headstall Trail Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2005
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.66
    •  
PROPERTY LISTING DETAILS
Jennifer Cakebread
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154792
Last Updated: 11/18/2020
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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