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

5430 W Lydia Lane Laveen, AZ 85339

5 Beds 4 Baths 2,840 sqft Built 2019

$388,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $136.94
  • 3 Days on Market
  • MLS # : 6159909
  • Updated Date : 11/13/2020 at 17:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,840 sqft
  • Baths : 4 full
Listing Agent

Canyon Rock Realty, Llc

Listing Agent's Description

Beautiful 1 year old home with remaining builders warranty. Two-storys has 5 bedrooms & 4 baths, makes it perfect for the growing family! Upgraded Tile floors throughout the main level. Formal dining. Soft color palette. Open concept for family room & kitchen. The stunning kitchen has custom espresso cabinets, quartz counters, SS appliances, walk-in butlers pantry, and island with breakfast bar seating. Guest room & bath downstairs. Nice loft area. Generous sized bedrooms have plush carpet & ceiling fans. The master has a full bath and large walk-in closet. Laundry conveniently located upstairs. The backyard has a covered patio, extra brick paver conversation patio and synthetic lawn area. Plenty of space with a 3 car tandem garage. Easy access to schools, shopping and the new 202 loop

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $99k271k

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

Neighborhood: Laveen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8471567

* 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
 

$350,010$427,790$388,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,435
Property Tax -$347
Property Insurance -$83
HOA -$85
Property Management Fees -$99
CASH FLOW
-$239

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$388,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 3.00%
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$12k

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$105,059

INVESTMENT

$105,059

Down Payment
$97,225
Rehab Estimate
$2,000
Closing Costs
$5,834

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,225
Loan Amount $291,675
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,085

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
  • $1,732

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6254$1,6955$1,798
$1,798
RENT COMPS ANALYSIS
  • 5430 W Lydia Lane Laveen, AZ 1
    • 5 beds 4 baths ∙ 2,840 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,840 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6404 S 50th Lane Laveen, AZ 2
    • 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 2008
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.53
    •  
  • 5233 W Pleasant Lane Laveen, AZ 3
    • 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2008
    property image
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.65
    •  
  • 6621 S 57th Avenue Laveen, AZ 4
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2005
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
  • 5611 W Maldonado Road Laveen, AZ 5
    • 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 2005
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,798
    • $0.58
    •  
PROPERTY LISTING DETAILS
Andrew Grett
Canyon Rock Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159909
Last Updated: 11/13/2020
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.

BESbswy