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5712 W Novak Way Laveen, AZ 85339

5 Beds 4 Baths 2,849 sqft Built 2004

$375,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $131.63
  • 6 Days on Market
  • MLS # : 6158541
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,849 sqft
  • Baths : 4 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Get ready to fall in love with this Gorgeous hard to find home in a gated community! Features include 5 bedrooms, 4 full bathrooms and a sparkling pool that backs to a gorgeous greenbelt. There are 2 spacious bedrooms located downstairs with one bedroom having its own private bathroom and walk-in closet plus a second full bathroom located downstairs, also. Upon entering you are greeted with soaring ceilings and huge formal living and dining rooms. The kitchen features beautiful custom cabinets, all appliances included, a large kitchen island with breakfast bar that is all open to the eat in dining room and family room. Upstairs you will find a light and bright loft that has its own balcony and 3 more spacious bedrooms. You'll love the over-sized master bedroom that also has a private

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,384
Property Tax -$335
Property Insurance -$83
HOA -$25
Property Management Fees -$99
CASH FLOW
-$285

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.

$375,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.44%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,667

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6403$1,6954$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 5712 W Novak Way Laveen, AZ 2
    • 5 beds 4 baths ∙ 2,849 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,849 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.58
    •  
  • 6404 S 50th Lane Laveen, AZ 1
    • 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 2008
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.53
    •  
  • 6621 S 57th Avenue Laveen, AZ 3
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2005
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
  • 6805 S 55th Lane Laveen, AZ 4
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2004
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.55
    •  
  • 7002 S 57th Avenue Laveen, AZ 5
    • 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 2005
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.58
    •  
PROPERTY LISTING DETAILS
Ashley Nava
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158541
Last Updated: 11/13/2020
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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