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5315 W Apollo Road Laveen, AZ 85339

5 Beds 3 Baths 4,040 sqft Built 2005

$365,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $90.35
  • 3 Days on Market
  • MLS # : 6162046
  • Updated Date : 11/28/2020 at 14:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,040 sqft
  • Baths : 3 full
Listing Agent

Kenneth James Realty

Listing Agent's Description

This Gorgeous 5 bed 3 bath home has it all. Coming in with over 4,000 square feet of livable space and large backyard, this home has all the space you would ever need, and MUCH MORE! Offering a large family room, open kitchen with an island, huge master bedroom suite with another large bedroom downstairs, as well as pre wired surround sound and pre pluming for a soft water loop! BRAND NEW A/C unit in July 2020, new appliances & R/O system.

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

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,347
Property Tax -$326
Property Insurance -$106
HOA -$71
Property Management Fees -$99
CASH FLOW
$61

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.

$365,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.55%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$30,345

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.5

    LIST RENT PER SQFT
  • $2,424

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0103$2,2994$2,600
$2,600
RENT COMPS ANALYSIS
  • 5315 W Apollo Road Laveen, AZ 2
    • 5 beds 3 baths ∙ 4,040 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,040 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.50
    •  
  • 6822 S 58th Avenue Laveen, AZ 1
    • 4 beds 3 baths ∙ 4,182 Sqft ∙ Built 2004 4 beds 3 baths ∙ 4,182 Sqft ∙ Built 2004
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.48
    •  
  • 5335 W Gwen Street Laveen, AZ 3
    • 5 beds 4 baths ∙ 3,738 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,738 Sqft ∙ Built 2007
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.62
    •  
  • 4411 W Paseo Way Laveen, AZ 4
    • 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.70
    •  
PROPERTY LISTING DETAILS
Alexander R Freeman
Kenneth James Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162046
Last Updated: 11/28/2020
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.

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