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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $182.89
- 2 Days on Market
- MLS # : 6192641
- Updated Date : 02/13/2021 at 04:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,777 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
3 bedroom 2 bathroom home located in the gated community of Riverwalk Estates. Spacious great room floor plan that everyone loves. Pre paid Solar Lease - Green Building Project, Tankless Gas water heater. give this home extremely low bills. Plank look flooring, Plantation shutters throughout, two tone paint are great design features. The kitchen featuring a plethora of staggered cabinets, granite countertops and a large pantry. Master bedroom has walk-in closet, and a private bath. The large backyard includes a covered patio and so much potential to get creative and make it your own. Extended length 3 car garage and room to add RV gate if needed. Easy access to loop 202. Hurry this one won't last long.
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PRICE & RENT TRENDS
Neighborhood: Laveen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Laveen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$291 | |
| Property Insurance | -$62 | |
| HOA | -$110 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$270
|
||
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
$1,420
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
1.33
YEARS SAVED
$2,104
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,413
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
5537 W Huntington Drive Laveen, AZ 4
- 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $1,420
- $0.80
-
5644 W Kowalsky Lane Laveen, AZ 1
- 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2008
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,300
- $0.78
-
7206 S 54th Lane Laveen, AZ 2
- 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.77
-
7304 S 56th Lane Laveen, AZ 3
- 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,790 Sqft ∙ Built 2005
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,420
- $0.79
-
5523 W Carson Road Laveen, AZ 5
- 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004
LEASED 01/27/21- Rent
- Rent Per SQFT
- $1,600
- $0.84
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192641
Last Updated: 02/13/2021
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.
