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6417 S 47th Drive Laveen, AZ 85339

3 Beds 3 Baths 1,900 sqft Built 2015

$325,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $171.05
  • 3 Days on Market
  • MLS # : 6189890
  • Updated Date : 02/05/2021 at 19:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Welcome to the beautiful Bella Vista gated community in Rogers Ranch. This single level, 3 bed, 2.5 bath, move-in ready home was built in 2015 and features a security and smart home system. Stepping through the front door you'll be greeted in a spacious entryway with two bedrooms and a full bath to the left. The split floor plan provides ample privacy for the owner's suite located off the great room and features a large walk-in closet and en-suite bathroom with dual sinks, soaker tub, and remodeled walk-in shower. The great room floor plan provides plenty of room for entertaining friends & family in the open living room, dining room, and eat-in kitchen. The modern kitchen boasts beautiful black cabinets with brushed nickel cabinet pulls, tile backsplash, a large kitchen island & walk-in...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rogers Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Rogers Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,129
Property Tax -$290
Property Insurance -$64
HOA -$100
Property Management Fees -$99
CASH FLOW
-$212

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.

$325,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.7%
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-$6.0k-$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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$3,821

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,506

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,4704$1,4905$1,625
$1,625
RENT COMPS ANALYSIS
  • 6417 S 47th Drive Laveen, AZ 3
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.77
    •  
  • 4609 W Beverly Road Laveen, AZ 1
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 4010 W Irwin Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2002
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.79
    •  
  • 7009 S 42nd Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2004
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.81
    •  
  • 4042 W Pollack Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,093 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,093 Sqft ∙ Built 2001
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.78
    •  
PROPERTY LISTING DETAILS
Mindy Jones Nevarez
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189890
Last Updated: 02/05/2021
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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