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6621 W Branham Lane Laveen, AZ 85339

4 Beds 2 Baths 2,081 sqft Built 2005

$348,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $167.23
  • 2 Days on Market
  • MLS # : 6181934
  • Updated Date : 01/16/2021 at 14:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,081 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Don't miss out this amazing and beautiful home!! single story 4bed/2bath with an open and spacious floor plan, also great location neighborhood of Laveen meadows near to 202 freeway, home is upgraded with slate tile, granite countertops, kitchen has a huge custom island, Master bathroom has dual sinks, Separate shower/tub, Corner lot with large side and back yard with RV gate and many features, you will be not disappointed!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Laveen Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8671567

* 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
 

$313,200$382,800$348,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,209
Property Tax -$311
Property Insurance -$68
HOA -$55
Property Management Fees -$99
CASH FLOW
-$291

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.

$348,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.3%
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$1.0M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,970

INVESTMENT

$97,970

Down Payment
$87,000
Rehab Estimate
$5,750
Closing Costs
$5,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,209

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,000
Loan Amount $261,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,571

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,3994$1,4505$1,695
$1,695
RENT COMPS ANALYSIS
  • 6621 W Branham Lane Laveen, AZ 4
    • 4 beds 2 baths ∙ 2,081 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,081 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.70
    •  
  • 7331 W Magdalena Lane Laveen, AZ 1
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2007
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.73
    •  
  • 7116 W Fawn Drive Laveen, AZ 2
    • 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2007
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.74
    •  
  • 6322 W Constance Way Laveen, AZ 3
    • 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
    •  
  • 6339 W Fawn Drive Laveen, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Miguel Campos-lopez
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181934
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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