Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $188.53
- 2 Days on Market
- MLS # : 6206752
- Updated Date : 03/13/2021 at 00:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,692 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Covered front porch welcomes you into this very nice single story home on a most desired N/S lot ~ Large yard with lots of room for a pool & play area ~ Vaulted ceilings with fire sprinklers ~ Separate shower, double sinks & jetted tub in primary suite with a door to outside patio ~ Open family room & kitchen floor plan ~ Gas fireplace in the family can be viewed from kitchen & dinette ~ Plantation shutters, sun screens & ceiling fans ~ Close to all amenities and new 202.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Cheatham Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cheatham Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$1,108 |
| Property Tax | -$285 | |
| Property Insurance | -$60 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$275
|
||
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.
$319,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.41%
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
$90,285
LOAN DETAILS
$1,108
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
1.42
YEARS SAVED
$2,174
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,324
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
8026 S 48th Drive Laveen, AZ 1
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,300
- $0.77
-
4629 W Beverly Road Laveen, AZ 2
- 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,375
- $0.78
-
7206 S 54th Lane Laveen, AZ 3
- 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 2006
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.77
-
4609 W Beverly Road Laveen, AZ 4
- 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.79
-
4528 W Melody Drive Laveen, AZ 5
- 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.79
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6206752
Last Updated: 03/13/2021
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.
