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5036 W Gary Way Laveen, AZ 85339

4 Beds 3 Baths 3,392 sqft Built 2007

$385,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $113.50
  • 3 Days on Market
  • MLS # : 6156958
  • Updated Date : 11/06/2020 at 18:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,392 sqft
  • Baths : 3 full
Listing Agent

Endless Ventures

Listing Agent's Description

Fantastic location! A few minutes to the new 202 on ramp yet nestled on a quiet street with N/S exposure oversized lot. New amenities surrounding home. The home shows like a model with high end upgrades such as gourmet kitchen cherry cabinetry/stainless appliances/granite countertops. Other upgrades include cherry shutters, wrought iron spindles with a grand entrance staircase system as you open the large 8' double wood front doors. Backyard is an oasis with fake grass/fire pit and hot tub. Large rear patio with walk on deck off the master. Both ac units were recently replaced with top of line trane system. Recent conservative appraisal at 385k lets you write offer with confidence that you are getting a great deal

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villages of Laveen Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k272k

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

Neighborhood: Villages of Laveen Ranch

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,420
Property Tax -$344
Property Insurance -$93
HOA -$26
Property Management Fees -$99
CASH FLOW
-$133

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.

$385,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$15,073

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
  • $1,908

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6253$1,6954$1,7955$2,299
$2,299
RENT COMPS ANALYSIS
  • 5036 W Gary Way Laveen, AZ 1
    • 4 beds 3 baths ∙ 3,392 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,392 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5121 W Fawn Drive Laveen, AZ 2
    • 5 beds 4 baths ∙ 3,138 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,138 Sqft ∙ Built 2007
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.52
    •  
  • 5308 W St Kateri Drive Laveen, AZ 3
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.53
    •  
  • 5550 W Euclid Avenue Laveen, AZ 4
    • 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2008
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.58
    •  
  • 5335 W Gwen Street Laveen, AZ 5
    • 5 beds 4 baths ∙ 3,738 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,738 Sqft ∙ Built 2007
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.62
    •  
PROPERTY LISTING DETAILS
Dana Lambert
Endless Ventures
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156958
Last Updated: 11/06/2020
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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