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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $196.78
- 4 Days on Market
- MLS # : 6171913
- Updated Date : 12/17/2020 at 12:45
CONSTRUCTION
- Beds : 3
- Floor Size : 2,109 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
The house you have been searching for is finally here! This amazing 3 bed, 2.5 bath residence will sure surprise you with its exquisite curb appeal, 4 car garage, RV gate, and custom iron & glass entry door. Interior is functional & inviting! Tile flooring, neutral paint, and recessed lighting complement this open floor plan. Nice size den can be use as an office or a living area. The kitchen features high-end appliances, espresso cabinets, tile backsplash, granite countertops, walk-in pantry, and island w/breakfast bar. Master suite has popular grey walls, & an immaculate bath with double sinks, separate tub & shower, as well as an spacious walk-in closet. Stunning backyard with pool & multiple seating areas is the perfect spot for hosting gatherings.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Paseo Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paseo Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,531 |
| Property Tax | -$371 | |
| Property Insurance | -$68 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$287
|
||
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.
$415,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.8% |
| 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
$115,725
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
2
YEARS SAVED
$6,226
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,576
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
5519 W Gwen Street Laveen, AZ 5
- 3 beds 3 baths ∙ 2,109 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,109 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,810
- $0.86
-
8414 S 50th Lane Laveen, AZ 1
- 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2005
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,375
- $0.71
-
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
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,550
- $0.73
-
5026 W Melody Lane Laveen, AZ 3
- 4 beds 2 baths ∙ 2,139 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,139 Sqft ∙ Built 2009
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.75
-
8614 S 58th Drive Laveen, AZ 4
- 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2007
LEASED 08/06/19- Rent
- Rent Per SQFT
- $1,700
- $0.80
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171913
Last Updated: 12/17/2020
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.
