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5605 W Molly Lane Phoenix, AZ 85083

5 Beds 5 Baths 3,937 sqft Built 2008

$650,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $165.10
  • 5 Days on Market
  • MLS # : 6205194
  • Updated Date : 03/13/2021 at 21:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,937 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

You'll want to view this amazing 5 bed/4.5 bath home right away! Boasting a desert landscaping and a nice courtyard entry for relaxing mornings or sunsets. The split layout features formal dining room, two way gas fireplace in living & family rooms, huge loft, and den great to be used as workout area or office space. There's a Jack & Jill bath! Beautiful kitchen showcases staggered cabinets, center island, granite counters, SS appliances, mosaic back-splash, and pantry. Ample master suite has a full bath with dual sink vanity, walk-in closet, and separate tub/shower. There's a bedroom downstairs with its own bath! In backyard, relax under the covered patio/ramada and play in the sparkling blue pool. Your dog will enjoy the dog run. Close to a dog park, basketball, tennis & pickelball

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k487k

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

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342160

* 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
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,258
Property Tax -$389
Property Insurance -$104
HOA -$24
Property Management Fees -$99
CASH FLOW
-$314

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.

$650,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$14,574

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,657

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,249
1$2,2492$2,3953$2,5604$2,6005$2,750
$2,750
RENT COMPS ANALYSIS
  • 5605 W Molly Lane Phoenix, AZ 3
    • 5 beds 5 baths ∙ 3,937 Sqft ∙ Built 2008 5 beds 5 baths ∙ 3,937 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.65
    •  
  • 5303 W Pinnacle Vista Drive Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2008
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $0.62
    •  
  • 5123 W Headstall Trail Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2005
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.66
    •  
  • 24519 N 44th Lane Glendale, AZ 4
    • 5 beds 3 baths ∙ 3,925 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,925 Sqft ∙ Built 2015
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.66
    •  
  • 6525 W Lucia Drive Phoenix, AZ 5
    • 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2005
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Andrew J Monaghan
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205194
Last Updated: 03/13/2021
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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