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5519 W Gwen Street Laveen, AZ 85339

3 Beds 3 Baths 2,109 sqft Built 2016

$415,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $107k358k

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

Neighborhood: Paseo Pointe

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

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
 

$373,500$456,500$415,000

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 -$1,531
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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

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
$1,375
1$1,3752$1,5503$1,5954$1,7005$1,810
$1,810
RENT COMPS ANALYSIS
  • 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
Jennifer Finken
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171913
Last Updated: 12/17/2020
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.

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