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5135 W Shumway Farm Road Laveen, AZ 85339

4 Beds 3 Baths 2,368 sqft Built 2005

$332,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $140.20
  • 3 Days on Market
  • MLS # : 6186047
  • Updated Date : 01/30/2021 at 02:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,368 sqft
  • Baths : 3 full
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

Fantastic two story 4 Bedroom/3 Full Baths! Great home w/a formal living/dining room, beautiful tile floor, ceiling fans, window blinds, & welcoming palette. Center kitchen island, stylish counters, plenty of wood cabinets, & patio access from breakfast area. Spacious family room for entertaining. Guest bedroom & full bath on first level. Plush NEW carpet in entire house, amazing large loft area, generous size bedrooms, ample closets, & laundry room. Primary bedroom boasts a walk-in closet & private entry suite w/dual sinks. Enjoy the backyard sparkling pool, BRAND NEW HOT TUB delivered a week ago and ready to go, covered patio, & patio for dining or sunning. Great For entertaining! Community Playground. Take a tour today of this meticulous desert gem.

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
 

$298,800$365,200$332,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,153
Property Tax -$297
Property Insurance -$73
HOA -$75
Property Management Fees -$99
CASH FLOW
-$97

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.

$332,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.48%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$93,730

INVESTMENT

$93,730

Down Payment
$83,000
Rehab Estimate
$5,750
Closing Costs
$4,980

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,000
Loan Amount $249,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,837

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
  • $1,587

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5004$1,5505$1,750
$1,750
RENT COMPS ANALYSIS
  • 5135 W Shumway Farm Road Laveen, AZ 1
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4635 W T Ryan Lane Laveen, AZ 2
    • 3 beds 2 baths ∙ 2,332 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,332 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.64
    •  
  • 5408 W Fremont Road Laveen, AZ 3
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.64
    •  
  • 7239 S 54th Drive Laveen, AZ 4
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.66
    •  
  • 5427 W Minton Street Laveen, AZ 5
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
PROPERTY LISTING DETAILS
Alyssa Sanford
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186047
Last Updated: 01/30/2021
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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