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6928 W Alta Vista Road Laveen, AZ 85339

4 Beds 3 Baths 2,157 sqft Built 2005

$299,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $138.62
  • 2 Days on Market
  • MLS # : 6186049
  • Updated Date : 01/30/2021 at 23:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,157 sqft
  • Baths : 2 full , 1 half
Listing Agent

Engel & Volkers Gilbert

Listing Agent's Description

Original Owner in Laveen Farms. Large 4bedroom.2.5bath with Laminate Wood Flooring & Tile in first level. Spacious Island Kitchen with plenty of Cabinet space. Pantry in Laundry room. Newer Hot Water Heater. Roomy Primary Bedroom, Dual Sinks, separate shower/tub. All Bedrooms have walk-in closets. Home Backs up to Greenbelt. HVAC 4years old, Hot Water Heater 1 year old.Community includes lake in subdivision, playgrounds, greenbelts, dog park. Priced to sell.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $107k285k

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

Neighborhood: Laveen Farms

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,039
Property Tax -$267
Property Insurance -$69
HOA -$72
Property Management Fees -$99
CASH FLOW
$14

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.

$299,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,322

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5493$1,5504$1,7055$1,795
$1,795
RENT COMPS ANALYSIS
  • 6928 W Alta Vista Road Laveen, AZ 1
    • 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,157 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7336 W St Catherine Avenue Laveen, AZ 2
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2007
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.70
    •  
  • 6307 S 69th Glen Laveen, AZ 3
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 2004
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 7328 W St Catherine Avenue Laveen, AZ 4
    • 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,705
    • $0.77
    •  
  • 7263 W Alta Vista Road Laveen, AZ 5
    • 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,149 Sqft ∙ Built 2005
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
PROPERTY LISTING DETAILS
David Pawlowski
Engel & Volkers Gilbert
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186049
Last Updated: 01/30/2021
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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