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5116 W Fawn Drive Laveen, AZ 85339

3 Beds 2 Baths 2,138 sqft Built 2007

$350,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $163.70
  • 2 Days on Market
  • MLS # : 6203542
  • Updated Date : 03/06/2021 at 16:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,138 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Are you seeking a home that shows like new without the new price tag? Don't miss this 3bed/2bath Laveen home, featuring great curb appeal. You will love the light and bright open concept floorplan with high ceilings. Stylish kitchen boasts granite countertops, stainless steel appliances, and a island with breakfast bar seating, making it ideal for gathering with friends and family. Spacious master retreat includes walk in closet and en suite with dual sinks, soaking tub and separate shower. Highly convenient - close to the Laveen Ranch Shopping Center, schools, the South Mountain Reserve for hiking, and the 202. This home has everything you're looking for!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Mountain Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $107k342k

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

Neighborhood: Estrella Mountain Village

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,216
Property Tax -$313
Property Insurance -$69
HOA -$84
Property Management Fees -$99
CASH FLOW
-$240

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.

$350,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.7%
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$8.0k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,223

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
  • $0.72

    LIST RENT PER SQFT
  • $1,689

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5403$1,5954$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 5116 W Fawn Drive Laveen, AZ 2
    • 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.72
    •  
  • 5440 W Park Street Laveen, AZ 1
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 5026 W Melody Lane Laveen, AZ 3
    • 4 beds 2 baths ∙ 2,139 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,139 Sqft ∙ Built 2009
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 5123 W Glass Lane Laveen, AZ 4
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2005
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 5118 W Beverly Road Laveen, AZ 5
    • 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2006
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
PROPERTY LISTING DETAILS
Michael Marr
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203542
Last Updated: 03/06/2021
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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