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5432 W Sunland Avenue Laveen, AZ 85339

3 Beds 2 Baths 2,072 sqft Built 2006

$325,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $156.85
  • 2 Days on Market
  • MLS # : 6190021
  • Updated Date : 02/06/2021 at 18:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,072 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This one is it! An open, flexible floor plan offering 3 spacious bedrooms and 2 baths plus an additional space for a den or formal dining. The great room offers plenty of living space with its high ceilings and is adjacent to the kitchen which offers plenty of storage/ counterspace and newer appliances. Through the large windows you will appreciate the covered patio and large lot. Plenty of room for whatever you choose to create. The location is perfect, within minutes of the 202 and just a short drive to some amazing hiking, dining, shopping, Downtown Phoenix and Sky Harbor Airport. And you want LOW utilities? This home has ''owned'' NEW solar! Come see it this weekend!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: River Walk Villages

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $95k271k

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

Neighborhood: River Walk Villages

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8761567

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,129
Property Tax -$290
Property Insurance -$68
HOA -$57
Property Management Fees -$99
CASH FLOW
-$173

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.

$325,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,528

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4703$1,4804$1,5505$1,695
$1,695
RENT COMPS ANALYSIS
  • 5432 W Sunland Avenue Laveen, AZ 2
    • 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.71
    •  
  • 4923 W Burgess Lane Laveen, AZ 1
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 2004
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.75
    •  
  • 5333 W Sunland Avenue Laveen, AZ 3
    • 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
    •  
  • 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
Jessica Jablonski
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190021
Last Updated: 02/06/2021
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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