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6429 W Constance Way Laveen, AZ 85339

3 Beds 3 Baths 1,430 sqft Built 2006

$225,900

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $157.97
  • 5 Days on Market
  • MLS # : 6153784
  • Updated Date : 11/02/2020 at 21:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,430 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Northwest

Listing Agent's Description

Don't miss out on this fantastic opportunity to own this gorgeous 3bed/2.5bath home in desirable Avalon Village. Great curb appeal leads you into the well cared for interior featuring wood look flooring, plush carpet and a fluid open floorplan. Large eat in kitchen boasts tile flooring and an abundance of cabinet/counter space. Very nice master bedroom with walk in closet and en suite. Enjoy mornings and evenings on the covered back patio overlooking the low maintenance back yard. Perfect for sipping coffee or a BBQ. Easy access to shopping, dining, parks , freeways and so much more. See it today and make it yours!

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
 

$203,310$248,490$225,900

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 -$833
Property Tax -$202
Property Insurance -$55
HOA -$70
Property Management Fees -$99
CASH FLOW
-$49

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.

$225,900

PROJECTED PRICE

$1,210

PROJECTED RENT

0.54%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,614

INVESTMENT

$65,614

Down Payment
$56,475
Rehab Estimate
$5,750
Closing Costs
$3,389

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,475
Loan Amount $169,425
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,338

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
  • $1,198

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2103$1,3494$1,3495$1,365
$1,365
RENT COMPS ANALYSIS
  • 6429 W Constance Way Laveen, AZ 2
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 2006
    • 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
    •  
  • 7310 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 05/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.83
    •  
  • 6447 W Sophie Lane Laveen, AZ 4
    • 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 2005
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.84
    •  
  • 7323 W St Charles Avenue Laveen, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Angela Horga
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153784
Last Updated: 11/02/2020
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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