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8210 S 45th Lane Laveen, AZ 85339

5 Beds 3 Baths 2,974 sqft Built 2004

$379,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $127.74
  • 5 Days on Market
  • MLS # : 6183472
  • Updated Date : 01/20/2021 at 21:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,974 sqft
  • Baths : 2 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

Welcome to this huge 5 bedroom, 2.5 bathroom property. This home features high rising ceilings, formal dining and living areas, a big master bedroom with a large walk in closet and a master bathroom with separate shower and bathing tub, plus anther 4 good size bedrooms. Also a sparkling blue pool for entertainment. Don't forget about all the room for your cars in the 3 car garage. All this house needs is some TLC and the love of the new owners.

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

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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,320
Property Tax -$339
Property Insurance -$85
HOA -$23
Property Management Fees -$99
CASH FLOW
-$136

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.

$379,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,359

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
  • $1,814

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7494$1,7505$1,890
$1,890
RENT COMPS ANALYSIS
  • 8210 S 45th Lane Laveen, AZ 1
    • 5 beds 3 baths ∙ 2,974 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,974 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5328 W Winston Drive Laveen, AZ 2
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2007
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.61
    •  
  • 8201 S 45th Lane Laveen, AZ 3
    • 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,974 Sqft ∙ Built 2004
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.59
    •  
  • 8310 S 47th Lane Laveen, AZ 4
    • 5 beds 3 baths ∙ 2,974 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,974 Sqft ∙ Built 2004
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.59
    •  
  • 8917 S 40th Lane Laveen, AZ 5
    • 5 beds 3 baths ∙ 2,924 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,924 Sqft ∙ Built 2007
    property image
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.65
    •  
PROPERTY LISTING DETAILS
Suseth Ramos Sanudo
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183472
Last Updated: 01/20/2021
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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