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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Laveen Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Laveen Commons
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
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
-
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
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199509
Last Updated: 02/26/2021
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.
