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5811 W Pedro Lane Laveen, AZ 85339

4 Beds 2 Baths 2,124 sqft Built 2008

$351,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $165.68
  • 3 Days on Market
  • MLS # : 6196734
  • Updated Date : 02/19/2021 at 21:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,124 sqft
  • Baths : 2 full
Listing Agent

Zillow Homes Inc

Listing Agent's Description

Photos Coming Soon. Tour this spectacular 4 bedroom, 2 bathroom home nestled in the sprawling city of Laveen, AZ. Cooking for loved ones is easy in the generous eat-in kitchen with an overhead hanging pot rack, lofty kitchen island, and pantry. Rest and unwind in the spacious sunlit primary bedroom with charming bay windows that contribute to this sunny space. The connecting primary bathroom is fully equipped with a separate shower and tub, double sinks, and a walk-in closet. Relax in the backyard under the lofty covered patio near the private pool, or sit on the custom stone bench by the built-in firepit. Multiple hiking trails to beautiful mountain views are within a 10-mile radius, and easy access to the 202 freeway puts Phoenix Sky Harbor International Airport 21 minutes away.

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
 

$316,710$387,090$351,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,222
Property Tax -$314
Property Insurance -$69
HOA -$26
Property Management Fees -$99
CASH FLOW
-$140

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.

$351,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.45%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$99,004

INVESTMENT

$99,004

Down Payment
$87,975
Rehab Estimate
$5,750
Closing Costs
$5,279

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,222

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,975
Loan Amount $263,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,798

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,667

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,5503$1,5904$1,6955$1,825
$1,825
RENT COMPS ANALYSIS
  • 5811 W Pedro Lane Laveen, AZ 3
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.75
    •  
  • 6322 W Constance Way Laveen, AZ 1
    • 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 2006
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.76
    •  
  • 8909 S 58th Lane Laveen, AZ 2
    • 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
    •  
  • 6339 W Fawn Drive Laveen, AZ 4
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
  • 8811 S 57th Lane Laveen, AZ 5
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2007
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
PROPERTY LISTING DETAILS
Yvonne C Bondanza-whittaker
Zillow Homes Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196734
Last Updated: 02/19/2021
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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