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9618 S 46th Lane Laveen, AZ 85339

5 Beds 4 Baths 3,706 sqft Built 2005

$469,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $126.55
  • 3 Days on Market
  • MLS # : 6172904
  • Updated Date : 12/18/2020 at 15:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,706 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Amazing family home in the desired community of Dobbins Point! Jaw dropping Grand Entrance! Master Suite on main floor, expansive master bathroom with his and her vanities, upstairs has loft with private balcony to enjoy mountain and sunset views,, open concept family room and kitchen, granite countertops in kitchen, plenty of cabinet space and eat in kitchen,3 car garage with cabinets and work bench. Entertainers back yard oasis with salt water pool and water feature, wood burning fire pit and built in BBQ. Exterior Paint 2019, new carpet upstairs, AC units, larger one replaced in 2019, small one only 10 years old.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobbins Point

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $107k358k

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

Neighborhood: Dobbins Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9071981

* 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
 

$422,100$515,900$469,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,730
Property Tax -$419
Property Insurance -$99
HOA -$33
Property Management Fees -$99
CASH FLOW
-$10

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$469,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$0.0$5.0k$10k$15k$20k

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$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$29,023

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
  • $2,279

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,299
$2,299
RENT COMPS ANALYSIS
  • 9618 S 46th Lane Laveen, AZ 1
    • 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9007 S 53rd Drive Laveen, AZ 2
    • 4 beds 4 baths ∙ 3,592 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,592 Sqft ∙ Built 2006
    property image
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.61
    •  
  • 5335 W Gwen Street Laveen, AZ 3
    • 5 beds 4 baths ∙ 3,738 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,738 Sqft ∙ Built 2007
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.62
    •  
PROPERTY LISTING DETAILS
Charles Jett
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172904
Last Updated: 12/18/2020
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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