Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5425 W Coles Road Laveen, AZ 85339

3 Beds 2 Baths 2,031 sqft Built 2009

$355,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $174.79
  • 3 Days on Market
  • MLS # : 6199509
  • Updated Date : 02/26/2021 at 15:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,031 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

This immaculately kept home is the one to see! Open the front door to this amazing open concept home. This highly desirable layout boasts 2,031 sq feet on a single level. Large kitchen with a HUGE island that leads to the breakfast area and tile flooring in all the right places. The split floor plan features a spacious master bedroom with a bathroom that includes double sinks, sunken tub and walk in closet. The bonus room can be used as an office or play area. This well kept home nicely features a touch of color throughout and won't last. Close to shopping, the new 202 freeway, schools and restaurants. Don't miss out on this home!

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 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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,233
Property Tax -$317
Property Insurance -$67
HOA -$98
Property Management Fees -$99
CASH FLOW
-$274

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.

$355,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,440

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,660

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5503$1,6004$1,8005$1,825
$1,825
RENT COMPS ANALYSIS
  • 5425 W Coles Road Laveen, AZ 1
    • 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,031 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.76
    •  
  • 8909 S 58th Lane Laveen, AZ 2
    • 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 2007
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
  • 5523 W Carson Road Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004
    property image
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 5118 W Beverly Road Laveen, AZ 4
    • 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,138 Sqft ∙ Built 2006
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 8811 S 57th Lane Laveen, AZ 5
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2007
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
PROPERTY LISTING DETAILS
Maisha Fair
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199509
Last Updated: 02/26/2021
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.

BESbswy