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6343 W Beverly Road Laveen, AZ 85339

3 Beds 3 Baths 1,430 sqft Built 2008

$245,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $171.33
  • 2 Days on Market
  • MLS # : 6163428
  • Updated Date : 11/21/2020 at 16:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,430 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sonoran Vista Properties

Listing Agent's Description

Snatch this one before it's gone! Prime location off of the new 202 South Mountain Freeway, get to shopping, entertainment, restaurants in no time! This home features beautiful new tile downstairs and in bathrooms. Spacious yet cozy with beautiful updated lighting & ceiling fans. Open and roomy kitchen with plenty of storage. The wifi router stays that control the light bulbs in the house! This lovely home is situated perfectly in the community close to the luscious green park, playground and community pool. It's your perfect home sweet home in the waiting!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Avalon Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Avalon Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8151567

* 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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$904
Property Tax -$219
Property Insurance -$55
HOA -$70
Property Management Fees -$99
CASH FLOW
-$137

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.

$245,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,155

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2103$1,2994$1,3955$1,401
$1,401
RENT COMPS ANALYSIS
  • 6343 W Beverly Road Laveen, AZ 2
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.85
    •  
  • 7806 S 64th Lane Laveen, AZ 1
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 2006
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.84
    •  
  • 7107 W St Catherine Avenue Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.79
    •  
  • 5625 W Ellis Drive Laveen, AZ 4
    • 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
    •  
  • 7310 S 56th Drive Laveen, AZ 5
    • 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,753 Sqft ∙ Built 2005
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,401
    • $0.80
    •  
PROPERTY LISTING DETAILS
Roger Garcia
Sonoran Vista Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163428
Last Updated: 11/21/2020
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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