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5416 W Allen Street Laveen, AZ 85339

3 Beds 2 Baths 2,696 sqft Built 2009

$425,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $157.64
  • 3 Days on Market
  • MLS # : 6209543
  • Updated Date : 03/20/2021 at 15:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,696 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautiful & highly upgraded home w/ a huge loft upstairs! Open, split floorplan w/ 20X20 tile through out, plantation shutter & surround sound. RV gate w/ extended RV parking. Kitchen boasts an abundance of 42'' maple cabinets w/ licorice glaze, stainless appliances, double oven, gas cook top, granite countertops & large island. Primary suite has a walk in closet & bay window. Primary bathroom has a beautiful walk in shower w/ luxury shower head & body sprayers. Resort style backyard has a paver patio that extends to the built-in gas BBQ, charcoal smoker, gas plumbed fryer. The Loft has a Large Closet & Can Easily Be Used as a Media/Game Room, Playroom, Minutes from downtown & Sky Harbor Airport.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen Commons

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $107k358k

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

Neighborhood: Laveen Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9071981

* 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 Unknown NA
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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,476
Property Tax -$380
Property Insurance -$80
HOA -$92
Property Management Fees -$99
CASH FLOW
-$517

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$425,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,685

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6104$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 5416 W Allen Street Laveen, AZ 3
    • 3 beds 2 baths ∙ 2,696 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,696 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.60
    •  
  • 7239 S 54th Drive Laveen, AZ 1
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.66
    •  
  • 4904 W Pedro Lane Laveen, AZ 2
    • 4 beds 2 baths ∙ 2,569 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,569 Sqft ∙ Built 2004
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.62
    •  
  • 5328 W Winston Drive Laveen, AZ 4
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2007
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.61
    •  
  • 5414 W Harwell Road Laveen, AZ 5
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2007
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.61
    •  
PROPERTY LISTING DETAILS
Rebekah Liperote
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209543
Last Updated: 03/20/2021
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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