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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $183.33
- 4 Days on Market
- MLS # : 6183971
- Updated Date : 01/22/2021 at 23:22
CONSTRUCTION
- Beds : 3
- Floor Size : 2,100 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
This is special! Elliott Home built in 2015 located in gated community of Riverwalk Estates. Owned solar panels for huge saving on your power bills w/ no lease payment! Sits on large corner lot with 10ft RV gate & slab! Backyard w/ grass & Pebble Sheen pool w/ water feature. Kitchen features granite counters, backsplash, gas range, upgraded vent hood & island w/ extended counter. HUGE walk-in pantry. Tile flooring throughout w/ carpet in bedrooms. Master bath features separate tub/shower with tile surround, double sinks at vanity & granite counters plus large walk-in closet. Guest bath with double sinks & granite counters. Huge den w/ double doors & next to powder room. 4 ft extended length garage, water softener & R/O plus efficient gas tankless hot water heater. Ceiling fans throughout.
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PRICE & RENT TRENDS
Neighborhood: Laveen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Laveen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$344 | |
| Property Insurance | -$66 | |
| HOA | -$110 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$396
|
||
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.
$385,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,775
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
0.67
YEARS SAVED
$876
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,592
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
5751 W Wayland Drive Laveen, AZ 5
- 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,560
- $0.78
-
5644 W Kowalsky Lane Laveen, AZ 1
- 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2008
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,300
- $0.78
-
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
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.77
-
5346 W Pecan Road Laveen, AZ 3
- 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 2003
LEASED 10/30/19- Rent
- Rent Per SQFT
- $1,485
- $0.80
-
5311 S 54th Avenue Laveen, AZ 4
- 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,852 Sqft ∙ Built 2006
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.84
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183971
Last Updated: 01/22/2021
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.
