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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $172.60
- 6 Days on Market
- MLS # : 6173068
- Updated Date : 01/02/2021 at 20:49
CONSTRUCTION
- Beds : 5
- Floor Size : 1,825 sqft
- Baths : 3 full
Listing Agent
Re/max Fine Properties
Listing Agent's Description
WELCOME HOME!! This charming 5 bedroom, 3 (full) bathrooms, and 2 car garage home has plenty of rooms for all of your needs. The front bedroom suite has its own private bathroom, the kitchen offers a gas range, island with dual sinks and dishwasher with plenty of counter space! Brand new A/C installed in 2020 and an open floor plan, this home is a must see. Located just one mile from the new South Mountain Freeway. Welcome Home!!
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PRICE & RENT TRENDS
Neighborhood: Laveen Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Laveen Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$281 | |
| Property Insurance | -$63 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$89
|
||
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.
$315,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.3% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
4.08
YEARS SAVED
$13,816
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,405
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
7907 S 74th Avenue Laveen, AZ 1
- 5 beds 3 baths ∙ 1,825 Sqft ∙ Built 2006 5 beds 3 baths ∙ 1,825 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7331 W Magdalena Lane Laveen, AZ 2
- 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2007
LEASED 02/06/20- Rent
- Rent Per SQFT
- $1,395
- $0.73
-
7116 W Fawn Drive Laveen, AZ 3
- 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2007
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,395
- $0.74
-
7915 S 73rd Drive Laveen, AZ 4
- 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
-
6339 W Fawn Drive Laveen, AZ 5
- 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2006
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.79
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173068
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
