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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $189.72
- 2 Days on Market
- MLS # : 6187650
- Updated Date : 01/30/2021 at 00:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,634 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Welcome to one of the nicest homes in the great community of Laveen Farms. The home's curb appeal is exceptional with exterior having recently been painted and landscaping updated. As you enter through the attractive security door into the family room you will enjoy the open, light and bright floor plan with new carpet throughout and recently painted interior. Chef's rejoice as the open kitchen with walk in pantry includes new tile backsplash, a new refrigerator, stove and microwave. The bedrooms are generously sized with the master and second bedroom both having walk in closets. Many great times will be spent in the backyard with covered patio, refreshing pool with updated variable speed pump and view fencing to community greenbelt. This nicely updated and meticulously maintained
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PRICE & RENT TRENDS
Neighborhood: Laveen Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Laveen Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$277 | |
| Property Insurance | -$59 | |
| HOA | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$254
|
||
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.
$310,000
PROJECTED PRICE
$1,330
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
1.42
YEARS SAVED
$2,287
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,348
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
6907 W Irwin Avenue Laveen, AZ 3
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,330
- $0.81
-
7107 W St Catherine Avenue Laveen, AZ 1
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2005
LEASED 11/04/19- Rent
- Rent Per SQFT
- $1,299
- $0.79
-
6928 S 77th Lane Laveen, AZ 2
- 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 2016
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,325
- $0.85
-
7323 W St Charles Avenue Laveen, AZ 4
- 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
-
7915 S 73rd Drive Laveen, AZ 5
- 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,825 Sqft ∙ Built 2007
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,495
- $0.82
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187650
Last Updated: 01/30/2021
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.
