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7125 W Carter Road Laveen, AZ 85339

5 Beds 3 Baths 3,482 sqft Built 2007

$419,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $120.59
  • 6 Days on Market
  • MLS # : 6177258
  • Updated Date : 01/08/2021 at 17:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,482 sqft
  • Baths : 3 full
Listing Agent

Roadrunner Management Realty

Listing Agent's Description

Pride of ownership 5 bedroom 3 bath 2 car garage home. Lots of custom features. Pony walls on stair case have been removed and custom rails installed. Kitchen has granite counter tops with stainless steel appliances. Surround sound and owner leaving custom receiver and upgraded window coverings. Owner also leaving upgraded lux washer and dryer in laundry room and shelving inside the garage. The lot is on the greenbelt with wrought iron fencing and views of the mountains behind. This home has a casita with its own bathroom and separate entrance. Soft water system and AC units recently serviced. Garage floor has been painted and sealed. Drip system front and back.

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

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
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,458
Property Tax -$375
Property Insurance -$95
HOA -$72
Property Management Fees -$99
CASH FLOW
-$120

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.

$419,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,959

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
  • $2,002

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$1,995
$1,995
RENT COMPS ANALYSIS
  • 7125 W Carter Road Laveen, AZ 1
    • 5 beds 3 baths ∙ 3,482 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,482 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6109 S 68th Avenue S Laveen, AZ 2
    • 4 beds 3 baths ∙ 3,401 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,401 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.56
    •  
  • 6829 W Lynne Lane Laveen, AZ 3
    • 4 beds 3 baths ∙ 3,401 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,401 Sqft ∙ Built 2006
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.59
    •  
PROPERTY LISTING DETAILS
Steven Stein
Roadrunner Management Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177258
Last Updated: 01/08/2021
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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