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12414 W El Nido Lane Litchfield Park, AZ 85340

5 Beds 3 Baths 2,232 sqft Built 2004

$325,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $146.01
  • 2 Days on Market
  • MLS # : 6153847
  • Updated Date : 11/28/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,232 sqft
  • Baths : 2 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

If you snooze you may lose on this rare 5 bedroom 2.5 bath home. Seller has painted and added brand new carpet! He replaced the AC system and the dishwasher last year, also did the countertops, backsplash, sink, faucet and the garage door. All that's needed is a touch to male it yours! Priced to attract so call today to schedule a showing.

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
 

$293,310$358,490$325,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,202
Property Tax -$206
Property Insurance -$71
HOA -$52
Property Management Fees -$99
CASH FLOW
-$130

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.

$325,900

PROJECTED PRICE

$1,500

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$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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,114

INVESTMENT

$92,114

Down Payment
$81,475
Rehab Estimate
$5,750
Closing Costs
$4,889

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,202

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,475
Loan Amount $244,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,340

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
  • $1,624

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4954$1,5005$1,565
$1,565
RENT COMPS ANALYSIS
  • 12414 W El Nido Lane Litchfield Park, AZ 1
    • 5 beds 3 baths ∙ 2,232 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,232 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12449 W Montebello Avenue Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2003
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.67
    •  
  • 12445 W San Juan Avenue Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2003
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.73
    •  
  • 12355 W Palo Verde Drive Litchfield Park, AZ 4
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2004
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 12421 W Marshall Avenue Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2004
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.77
    •  
PROPERTY LISTING DETAILS
Rodney K Washington
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153847
Last Updated: 11/28/2020
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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