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8514 S 49th Drive Laveen, AZ 85339

4 Beds 3 Baths 2,182 sqft Built 2004

$299,990

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $137.48
  • 2 Days on Market
  • MLS # : 6160544
  • Updated Date : 11/13/2020 at 22:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,182 sqft
  • Baths : 2 full , 1 half
Listing Agent

Denman Realty Group, L.l.c

Listing Agent's Description

Attractive 4 bed, 2.5 bath plus loft home located in highly desirable Cheatham Farms subdivision. Downstairs includes, formal living and dining room, kitchen, eating area, family room, 1/2 bath, laundry & 2-car garage. Upstairs includes 3 bedrooms, loft, hall bath and owner suite. Home is freshly painted and has all new carpet. Kitchen has new granite look counter tops & all appliances. Owner suite has large bedroom, private toilet room, garden style tub, spacious vanity & large walk-in closet. Home sits on large lot with desert landscaping in the front & freshly planted winter grass in back. Home sits directly across street from large community green space. Home is located near abundant shopping and just 1 mile east of new South Mountain Loop 202 and easy access to all of Metro Phoenix,

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
 

$269,991$329,989$299,990

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,107
Property Tax -$268
Property Insurance -$70
HOA -$23
Property Management Fees -$99
CASH FLOW
-$126

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.

$299,990

PROJECTED PRICE

$1,440

PROJECTED RENT

0.48%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$85,247

INVESTMENT

$85,247

Down Payment
$74,998
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,998
Loan Amount $224,993
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,331

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
  • $1,566

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3993$1,4954$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 8514 S 49th Drive Laveen, AZ 1
    • 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,182 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4728 W Carson Road Laveen, AZ 2
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2007
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.69
    •  
  • 5018 W Desert Drive Laveen, AZ 3
    • 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,943 Sqft ∙ Built 2004
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 7239 S 54th Drive Laveen, AZ 4
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2006
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.66
    •  
  • 5026 W Melody Lane Laveen, AZ 5
    • 4 beds 2 baths ∙ 2,139 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,139 Sqft ∙ Built 2009
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
PROPERTY LISTING DETAILS
Wade Denman
Denman Realty Group, L.l.c
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160544
Last Updated: 11/13/2020
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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