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9306 S 35th Glen Laveen, AZ 85339

3 Beds 2 Baths 1,606 sqft Built 2005

$255,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $158.78
  • 4 Days on Market
  • MLS # : 6156312
  • Updated Date : 11/06/2020 at 23:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,606 sqft
  • Baths : 2 full
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

Home sweet home! Beautiful 3 bed 2 bath home in a great Laveen location close to the 202! Open floor plan with vaulted ceilings, plush carpeting and tile flooring through out. Large eat in kitchen opens to the family room and offers breakfast bar, and pantry. Huge master suite has neutral carpeting, bay windows, walk in closet, and adjoining bath with dual sink vanity. Enjoy privacy in your backyard with a covered patio, grass area, and low care desert plants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobbins Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $95k271k

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

Neighborhood: Dobbins Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8521567

* 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
Cesar Chavez High School High Regular 2,575 131 3
Phoenix Coding Academy High Regular NA

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$941
Property Tax -$228
Property Insurance -$59
HOA -$66
Property Management Fees -$99
CASH FLOW
-$162

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.

$255,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,167

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
  • $1,253

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4004$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 9306 S 35th Glen Laveen, AZ 1
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4112 W Allen Street Laveen, AZ 2
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2008
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.75
    •  
  • 3726 W Pollack Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 2005
    property image
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 4621 W Melody Drive Laveen, AZ 4
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $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
Jason Mitchell
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156312
Last Updated: 11/06/2020
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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