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5604 W Maldonado Road Laveen, AZ 85339

3 Beds 2 Baths 1,903 sqft Built 2004

$294,500

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $154.76
  • 3 Days on Market
  • MLS # : 6162443
  • Updated Date : 12/04/2020 at 19:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,903 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

You wont want to miss this one cause it is sure to go fast. Sitting on a premium lot with no backyard neighbors in a highly sought after gated community. AC and water heater recently replaced (2017) new disposal and dishwasher! Walk in the front door and you will immediately fall in love with the open floor plan, soaring ceilings and custom color palette! Sip coffee in the breakfast nook, eat your lunch at the spacious island counter, and entertain guests in your formal dining room. Sit back and relax in the living area with the extra large sliding glass doors that lookout to your backyard with no obstructed views! The master suite is on opposite side of the house as bedrooms for extra privacy. Enjoy its massive bathroom complete with soaking tub! Rare 3 stall garage make this a must have!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cottonfields

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k271k

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

Neighborhood: Cottonfields

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9071567

* 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
 

$265,050$323,950$294,500

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,087
Property Tax -$263
Property Insurance -$64
HOA -$25
Property Management Fees -$99
CASH FLOW
-$118

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.

$294,500

PROJECTED PRICE

$1,420

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.1%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,793

INVESTMENT

$83,793

Down Payment
$73,625
Rehab Estimate
$5,750
Closing Costs
$4,418

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,087

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,625
Loan Amount $220,875
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,603

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
  • $0.75

    LIST RENT PER SQFT
  • $1,470

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,4014$1,4205$1,455
$1,455
RENT COMPS ANALYSIS
  • 5604 W Maldonado Road Laveen, AZ 4
    • 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,903 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.75
    •  
  • 7216 S 56th Avenue Laveen, AZ 1
    • 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 2004
    property image
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.74
    •  
  • 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
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.77
    •  
  • 7310 S 56th Drive Laveen, AZ 3
    • 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2005
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,401
    • $0.80
    •  
  • 5538 W Park Street Laveen, AZ 5
    • 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 2004
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,455
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jesse Scheel
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162443
Last Updated: 12/04/2020
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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