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6805 S 58th Avenue Laveen, AZ 85339

4 Beds 3 Baths 3,903 sqft Built 2003

$485,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $124.26
  • 4 Days on Market
  • MLS # : 6192576
  • Updated Date : 02/11/2021 at 16:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,903 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Welcome home to the beautiful gated community of Cottonwoods. PREMIUM corner lot located on the 18th hole with Mountain View's. This spacious split level home offers a separate front room, dining & living spaces w' 3 fireplaces & a loft. Kitchen boasts granite counters, walk-in pantry, large island, double ovens, gas cooktop & a wet bar. Perfect for everyday living & entertaining. Master suite is large w' walk-in closet, dual sinks, jetted tub & a shower w' dual heads. Backyard is a true oasis featuring designer landscape, salt water pool w' waterfalls & spa. Extended patio & built-in BBQ. Shopping & restaurants close by.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cottonfields

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $107k271k

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

Neighborhood: Cottonfields

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 Regular NA
Phoenix Coding Academy High Unknown 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
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,685
Property Tax -$433
Property Insurance -$103
HOA -$25
Property Management Fees -$99
CASH FLOW
-$475

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.

$485,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.39%

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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.48

    LIST RENT PER SQFT
  • $1,952

    COMP ESTIMATED VALUE
  • $0.5

    COMP AVG. RENT PER SQFT
Comps Range
$1,870
1$1,8702$1,9953$2,200
$2,200
RENT COMPS ANALYSIS
  • 6805 S 58th Avenue Laveen, AZ 1
    • 4 beds 3 baths ∙ 3,903 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,903 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.48
    •  
  • 6822 S 58th Avenue Laveen, AZ 2
    • 4 beds 3 baths ∙ 4,182 Sqft ∙ Built 2004 4 beds 3 baths ∙ 4,182 Sqft ∙ Built 2004
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.48
    •  
  • 7004 W Fremont Road Laveen, AZ 3
    • 4 beds 4 baths ∙ 4,219 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,219 Sqft ∙ Built 2007
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.52
    •  
PROPERTY LISTING DETAILS
Gina Mcmullen
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192576
Last Updated: 02/11/2021
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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