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6812 S 45th Avenue Laveen, AZ 85339

5 Beds 4 Baths 2,527 sqft Built 2006

$350,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $138.50
  • 3 Days on Market
  • MLS # : 6192028
  • Updated Date : 02/14/2021 at 01:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,527 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. No more showings at this time please. WELCOME HOME! 5 bed,3.5bath,3 car garage gem is ready for it's new family. Meticulously cared for by original owners. Corner lot with that Wow factor welcoming floorplan including a family room and great room, a convenient 1st floor bedroom and full bath with additional 4 bedrooms upstairs. New floors, beautifully upgraded bright kitchen with new quartz counters, refreshing cabinets, backsplash, and all new stainless steel appliances. New washer/dryer, fresh interior and exterior paint as well. Enjoy morning coffee and evening sunsets on sundeck off the master bedroom suite. All this with Brinks Alarm system and accessories throughout set up as smart home!

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 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,216
Property Tax -$313
Property Insurance -$76
HOA -$63
Property Management Fees -$99
CASH FLOW
-$187

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.

$350,000

PROJECTED PRICE

$1,580

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,282

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,699

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,5803$1,5994$1,6005$1,775
$1,775
RENT COMPS ANALYSIS
  • 6812 S 45th Avenue Laveen, AZ 2
    • 5 beds 4 baths ∙ 2,527 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,527 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.63
    •  
  • 7217 S 45th Avenue Laveen, AZ 1
    • 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,236 Sqft ∙ Built 2005
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.63
    •  
  • 6813 S 43rd Lane Laveen, AZ 3
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 2006
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.69
    •  
  • 7502 S 45th Avenue Laveen, AZ 4
    • 5 beds 4 baths ∙ 2,385 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,385 Sqft ∙ Built 2005
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.67
    •  
  • 4601 W Park Street Laveen, AZ 5
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 2007
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.70
    •  
PROPERTY LISTING DETAILS
Tina Lucas
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192028
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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