Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5608 W Molly Lane Phoenix, AZ 85083

6 Beds 5 Baths 4,266 sqft Built 2008

$709,900

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $166.41
  • 3 Days on Market
  • MLS # : 6155864
  • Updated Date : 11/28/2020 at 15:35
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,266 sqft
  • Baths : 4 full , 1 half
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Beautiful 2 story home in the highly desirable neighbor of Stetson Valley. This home features travertine flooring throughout, a large kitchen with 2 islands, double ovens and stainless steel appliances. Kitchens opens to the great room and also has a butlers panty leading to the dining room. On the first floor you have a bedroom and bath and upstairs has the master, plus 4 other bedrooms, a loft and a sitting area. All bedrooms have walk- in closets. Master features 2 closets, dual vanities with a custom walk-in shower with limestone tile. As you step into the back yard it is an entertainers dream with built in bbq and bar area, outside sitting are with a fireplace and a pool with a grotto and slide. You have amazing mountain views and backs to the green belt! This home is a must see

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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
GreatSchools Rating

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
 

$638,910$780,890$709,900

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,619
Property Tax -$425
Property Insurance -$110
HOA -$24
Property Management Fees -$99
CASH FLOW
-$478

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.

$709,900

PROJECTED PRICE

$2,800

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,874

INVESTMENT

$193,874

Down Payment
$177,475
Rehab Estimate
$5,750
Closing Costs
$10,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,619

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,475
Loan Amount $532,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$12,650

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,858

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,900
$2,900
RENT COMPS ANALYSIS
  • 5608 W Molly Lane Phoenix, AZ 1
    • 6 beds 5 baths ∙ 4,266 Sqft ∙ Built 2008 6 beds 5 baths ∙ 4,266 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 24519 N 44th Lane Glendale, AZ 2
    • 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
    •  
  • 5708 W Robb Lane Glendale, AZ 3
    • 5 beds 5 baths ∙ 4,262 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,262 Sqft ∙ Built 2003
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.68
    •  
PROPERTY LISTING DETAILS
Kelly Hennessy
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155864
Last Updated: 11/28/2020
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.

BESbswy