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5423 W T Ryan Lane Laveen, AZ 85339

3 Beds 2 Baths 2,048 sqft Built 2006

$295,950

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $144.51
  • 6 Days on Market
  • MLS # : 6155367
  • Updated Date : 11/07/2020 at 09:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,048 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

This is a beautiful single story home located in the Sierra Colina community, featuring vaulted ceilings, an open concept split floor plan awaits you, with over 2000 square feet, three car garage home in a quiet Cul-de-Sac Lot! It has fresh epoxy floors in the garage, new paint, and a tankless water heater, and water softener system. All high end appliances Samsung Appliances in the kitchen, stay with the home, and high end L.G. washer, dryer as well. Owned A.D.T. security system. Dual pane low E windows throughout. The back yard is a large lot with lots of options you can create. Just turn the key and move in! Its close to Restaurants, Shopping, Schools, and much more. This home is move in ready!NO SHOWINGS UNTIL 11/5/2020 @1p.m.All offers will be reviewed Sunday eve 11/8/2020

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Colina

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $107k321k

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

Neighborhood: Sierra Colina

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9041567

* 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
 

$266,355$325,545$295,950

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,092
Property Tax -$264
Property Insurance -$67
HOA -$40
Property Management Fees -$99
CASH FLOW
-$192

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.

$295,950

PROJECTED PRICE

$1,370

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,177

INVESTMENT

$84,177

Down Payment
$73,988
Rehab Estimate
$5,750
Closing Costs
$4,439

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,092

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,988
Loan Amount $221,963
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,927

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
  • $1,526

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4803$1,5504$1,5505$1,695
$1,695
RENT COMPS ANALYSIS
  • 5423 W T Ryan Lane Laveen, AZ 1
    • 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,048 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
Michael Bickford
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155367
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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