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12319 W Solano Drive Litchfield Park, AZ 85340

3 Beds 2 Baths 1,450 sqft Built 2003

$288,750

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $199.14
  • 5 Days on Market
  • MLS # : 6175164
  • Updated Date : 01/01/2021 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,450 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Here lands a spectacular newly remodeled home, virtually everything in this home was replaced. Home was newly painted inside and outside. This home features beautiful new style remote control ceiling fans in all rooms and amazing Chandeliers in the dinning area. Alexa or phone control thermostat and door bell with camera. Monitor your home on your phone.Amazing, Cute, Lovely remodeled home is here for you to purchase in a brand new year. Move into your branded home in a brand new year.New flooring, brand new kitchen and bathroom counter tops with square sinks and exclusive faucets, new toilets, new water pipes as needed and many more. Must see property.Location, location, location. Great family friendly location. Plus an awesome school district. Offers will be considered reasonably

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wigwam Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $97k315k

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

Neighborhood: Wigwam Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8581813

* 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
L. Thomas Heck Middle School Primary Regular 735 34 7
L. Thomas Heck Middle School Middle Regular 735 34 7
Millennium High School High Regular 2,205 94 4

L. Thomas Heck Middle School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

L. Thomas Heck Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$259,875$317,625$288,750

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,065
Property Tax -$182
Property Insurance -$55
HOA -$52
Property Management Fees -$99
CASH FLOW
-$134

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.

$288,750

PROJECTED PRICE

$1,320

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,269

INVESTMENT

$82,269

Down Payment
$72,188
Rehab Estimate
$5,750
Closing Costs
$4,331

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,065

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,188
Loan Amount $216,563
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,338

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,4503$1,4754$1,4855$1,499
$1,499
RENT COMPS ANALYSIS
  • 12319 W Solano Drive Litchfield Park, AZ 1
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.91
    •  
  • 5248 N 125th Avenue Litchfield Park, AZ 2
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2003
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 12640 W Windsor Boulevard Litchfield Park, AZ 3
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2003
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.93
    •  
  • 12601 W Reade Avenue Litchfield Park, AZ 4
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2002
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.92
    •  
  • 12627 W Windsor Boulevard Litchfield Park, AZ 5
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2003
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.94
    •  
PROPERTY LISTING DETAILS
Teejay Lawal
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175164
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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