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6404 S 71st Drive Laveen, AZ 85339

3 Beds 2 Baths 1,405 sqft Built 2005

$280,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $199.29
  • 3 Days on Market
  • MLS # : 6193759
  • Updated Date : 02/14/2021 at 00:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,405 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

SINGLE STORY UPDATED Fantastic well cared for single story home. New AC in 2018, 2021 new paint. Kitchen remodel with hickory cabinets, stainless steel appliances including built in microwave, gas burning stove and refrigerator. Staggered laid plank tile everywhere but the bedrooms. Ceiling fans and two-tone paint throughout. Master bedroom includes media alcove plus barn door to separate the bathroom and walk in closet. Back yard is massive! You will love the covered patio and view of the greenbelt.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $107k285k

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

Neighborhood: Laveen Farms

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 Unknown NA
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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$973
Property Tax -$250
Property Insurance -$55
HOA -$72
Property Management Fees -$99
CASH FLOW
-$198

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.

$280,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.45%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$3,237

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,171

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3253$1,3654$1,395
$1,395
RENT COMPS ANALYSIS
  • 6404 S 71st Drive Laveen, AZ 1
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.89
    •  
  • 6928 S 77th Lane Laveen, AZ 2
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2016
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.85
    •  
  • 7323 W St Charles Avenue Laveen, AZ 3
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.84
    •  
  • 3426 S 72nd Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2005
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
PROPERTY LISTING DETAILS
Joe Bourland
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193759
Last Updated: 02/14/2021
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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