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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $161.54
- 2 Days on Market
- MLS # : 6181851
- Updated Date : 01/16/2021 at 02:32
CONSTRUCTION
- Beds : 4
- Floor Size : 2,569 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Fantastic 4 bed, 2 bath home for sale in Laveen close to shopping, restaurants, & new 202 freeway. Former model home w/terrific curb appeal; 3 car garage, cul-de-sac lot, RV gate & gated courtyard entry. RV parking is allowed full time year round! Interior w/custom paint, vaulted ceilings, tile & wood flooring, decorative lighting, two-way fireplace & large windows bring in plenty of light. Open eat-in kitchen w/granite countertops, breakfast bar, pantry, & upgraded cabinets. Generously proportioned master bedroom w/french door exit to yard & a lavish bathroom w/dual sinks, soaking tub, & step-in shower. Huge backyard w/no homes behind, features whole house length covered patio, lush greenery; mature trees & tons of space to play or entertain. FULL 3D WALKTHROUGH - VIRTUAL TOU
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PRICE & RENT TRENDS
Neighborhood: Cheatham Farms South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cheatham Farms South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$371 | |
| Property Insurance | -$77 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$513
|
||
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.
$415,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
0.25
YEARS SAVED
$133
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.6
LIST RENT PER SQFT
-
$1,561
COMP ESTIMATED VALUE -
$0.61
COMP AVG. RENT PER SQFT
Comps Range
-
5025 W Siesta Way Laveen, AZ 1
- 4 beds 2 baths ∙ 2,569 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,569 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,540
- $0.60
-
7910 S 53rd Lane Laveen, AZ 2
- 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2006
LEASED 07/22/19- Rent
- Rent Per SQFT
- $1,575
- $0.59
-
4904 W Pedro Lane Laveen, AZ 3
- 4 beds 2 baths ∙ 2,569 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,569 Sqft ∙ Built 2004
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,600
- $0.62
-
5328 W Winston Drive Laveen, AZ 4
- 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2007
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,695
- $0.61
-
5414 W Harwell Road Laveen, AZ 5
- 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2007
LEASED 11/13/19- Rent
- Rent Per SQFT
- $1,695
- $0.61
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181851
Last Updated: 01/16/2021
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.
