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8106 S Jenna Lane Laveen, AZ 85339

4 Beds 2 Baths 1,763 sqft Built 2004

$340,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $192.85
  • 3 Days on Market
  • MLS # : 6181909
  • Updated Date : 02/06/2021 at 17:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,763 sqft
  • Baths : 2 full
Listing Agent

Next Page Realty Llc

Listing Agent's Description

Beautiful 4/2 with a POOL on a premium lot Front living room and seperate family room. Eat in kitchen with island and upgraded cabinets. Master with 5 pc bath tub and shower, double sinks and walk in closet. Shutters, sunscreens, patio cover and newer exterior paint. Garage Cabinets

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cheatham Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $93k271k

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

Neighborhood: Cheatham Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8771567

* 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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,181
Property Tax -$304
Property Insurance -$62
HOA -$23
Property Management Fees -$99
CASH FLOW
-$258

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.

$340,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.41%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,426

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,397

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3953$1,4004$1,4105$1,490
$1,490
RENT COMPS ANALYSIS
  • 8106 S Jenna Lane Laveen, AZ 4
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.80
    •  
  • 4629 W Beverly Road Laveen, AZ 1
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.78
    •  
  • 4609 W Beverly Road Laveen, AZ 2
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 4528 W Melody Drive Laveen, AZ 3
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 7009 S 42nd Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,830 Sqft ∙ Built 2004
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.81
    •  
PROPERTY LISTING DETAILS
Julie Cambier
Next Page Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181909
Last Updated: 02/06/2021
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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