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5330 W Sunland Avenue Laveen, AZ 85339

4 Beds 2 Baths 2,072 sqft Built 2005

$309,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $149.57
  • 2 Days on Market
  • MLS # : 6157513
  • Updated Date : 11/07/2020 at 20:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,072 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Dont miss out on your chance to own this 4 bed, 2 bath, split floor plan home in the beautiful, highly sought after River Walk Villages neighborhood in Laveen. Only two blocks from the park, walking/biking trails throughout the neighborhood & minutes from the new 202 hwy. No carpet and new laminate flooring! Heat producing electric fireplace in the family room, brand new Samsung stainless steel appliances, fresh modern paint throughout the home, recessed lighting, and upgraded window treatments/blinds. Enjoy a low maintenance, paradise backyard including a pebble tec pool & spa, built-in BBQ, and firepit. Built-in surround sound system inside the home as well as out on the patio for poolside entertainment. Two car garage with an additional 1 car garage with extra storage space & plumbing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: River Walk Villages

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $95k271k

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

Neighborhood: River Walk Villages

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8761567

* 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
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,143
Property Tax -$277
Property Insurance -$68
HOA -$57
Property Management Fees -$99
CASH FLOW
-$204

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.

$309,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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

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$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,544

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4803$1,5504$1,5505$1,695
$1,695
RENT COMPS ANALYSIS
  • 5330 W Sunland Avenue Laveen, AZ 1
    • 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.69
    •  
  • 5333 W Sunland Avenue Laveen, AZ 2
    • 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2003
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.71
    •  
  • 5107 W Shumway Farm Road Laveen, AZ 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2005
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 3239 W Jessica Lane Laveen, AZ 4
    • 3 beds 2 baths ∙ 2,165 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,165 Sqft ∙ Built 2006
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 5123 W Glass Lane Laveen, AZ 5
    • 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
PROPERTY LISTING DETAILS
Trina Christine Pettis
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157513
Last Updated: 11/07/2020
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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