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5608 W Euclid Avenue Laveen, AZ 85339

3 Beds 2 Baths 1,911 sqft Built 2011

$350,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $183.15
  • 4 Days on Market
  • MLS # : 6196037
  • Updated Date : 02/20/2021 at 18:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,911 sqft
  • Baths : 2 full
Listing Agent

Call Realty, Inc.

Listing Agent's Description

Stunning three bedroom home on a premium lot in the desirable Paseo Pointe subdivision! Meticulously maintained home has a gorgeous travertine pavered back yard with modern pool and view fencing overlooking the large green belt.. The pool features a pop-up self-cleaning system and an oversized ''Baja Shelf'' for tanning or a children's splash and play area. The entry has a custom Art Deco security door and sidelight window. Wide open floor plan! The kitchen has granite countertops, staggered cabinetry, stainless steel appliances, an island with breakfast bar, and a walk-in pantry. The master bedroom has bay windows, a huge walk-in closet, and an en suite bathroom. Three car tandem garage. Newly completed Loop 202 South Mtn. Freeway makes commuting a breeze. Close to schools and shopping.

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
Phoenix Coding Academy High Unknown 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

Phoenix Coding Academy

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,216
Property Tax -$313
Property Insurance -$64
HOA -$23
Property Management Fees -$99
CASH FLOW
-$255

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.

$350,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.42%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,476

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4203$1,4604$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 5608 W Euclid Avenue Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.76
    •  
  • 5625 W Ellis Drive Laveen, AZ 1
    • 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2004
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.80
    •  
  • 7304 S 56th Lane Laveen, AZ 2
    • 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
    •  
  • 5018 W Desert Drive Laveen, AZ 4
    • 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2004
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 8909 S 58th Lane Laveen, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
John Cox
Call Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196037
Last Updated: 02/20/2021
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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