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5115 W Glass Lane Laveen, AZ 85339

3 Beds 2 Baths 1,795 sqft Built 2005

$339,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $189.36
  • 4 Days on Market
  • MLS # : 6198969
  • Updated Date : 02/27/2021 at 01:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,795 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Private showings to start 03/01/21. Location, Location on this amazing Laveen Crossing Home. Dont miss this home in this extremely limited inventory, it will go fast!3 bed, 2 bath, 1795 sq.ft. single story, N/S exposure, 2 car garage , turn key property in a highly sought out neighborhood and location. Close to shopping and within a mile hop onto the new 202 loop. GE Stainless Kitchen Appliances.Upgrades done in 2020: Freshly Painted Interior, Vinyl laminate upgrades in bedrooms, New Electrical Fixtures, New Ceiling Fan in bedrooms. new toilet in Master Bath, New MOEN Kitchen Faucet. Upgrades done in 2021: New water heater, new water softener, new Reverse Osmosis, new garbage disposal, new garage door motor.Important Note: Refigerator, Washer and Dryer to convey.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $93k271k

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

Neighborhood: Laveen Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9071567

* 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
Phoenix Coding Academy High Unknown 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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,181
Property Tax -$304
Property Insurance -$62
HOA -$75
Property Management Fees -$99
CASH FLOW
-$340

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.

$339,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$996

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,405

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3803$1,3954$1,3955$1,420
$1,420
RENT COMPS ANALYSIS
  • 5115 W Glass Lane Laveen, AZ 2
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.77
    •  
  • 4629 W Beverly Road Laveen, AZ 1
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.78
    •  
  • 7206 S 54th Lane Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.77
    •  
  • 4609 W Beverly Road Laveen, AZ 4
    • 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
    •  
  • 7304 S 56th Lane Laveen, AZ 5
    • 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2005
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.79
    •  
PROPERTY LISTING DETAILS
Valmikanatha Onbattuvelli
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198969
Last Updated: 02/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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