Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5112 W Fraktur Road Laveen, AZ 85339

3 Beds 2 Baths 1,564 sqft Built 2004

$279,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $178.39
  • 6 Days on Market
  • MLS # : 6153660
  • Updated Date : 10/29/2020 at 20:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,564 sqft
  • Baths : 2 full
Listing Agent

Varsity Realty

Listing Agent's Description

Nice family home on corner lot. Tile in all the right places. Surround sound hookup already in place. Feel safe with already installed alarm system. You just have to obtain service. Convenient to shopping , restaurants, shopping and more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: River Walk Villages

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $95k271k

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

Neighborhood: River Walk Villages

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8761567

* 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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,029
Property Tax -$249
Property Insurance -$58
HOA -$57
Property Management Fees -$99
CASH FLOW
-$262

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.

$279,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,042

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,279

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,2993$1,3004$1,4855$1,550
$1,550
RENT COMPS ANALYSIS
  • 5112 W Fraktur Road Laveen, AZ 1
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.79
    •  
  • 4930 W Novak Way Laveen, AZ 2
    • 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
    •  
  • 5644 W Kowalsky Lane Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2008
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.78
    •  
  • 5346 W Pecan Road Laveen, AZ 4
    • 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 2003
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.80
    •  
  • 5311 S 54th Avenue Laveen, AZ 5
    • 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
PROPERTY LISTING DETAILS
Debi Lyn Mccreary
Varsity Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153660
Last Updated: 10/29/2020
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.

BESbswy