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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Estrella Mountain Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estrella Mountain Village
* 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 | -$1,216 |
| 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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
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
-
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
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- 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
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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
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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
Keller Williams Realty Biltmore Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203542
Last Updated: 03/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
