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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $191.92
- 2 Days on Market
- MLS # : 6196828
- Updated Date : 02/20/2021 at 19:50
CONSTRUCTION
- Beds : 4
- Floor Size : 1,782 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Welcome! Located in the desirable Wigwam Creek community, you'll love the home's designer touches, 11' vaulted ceilings, improvements and outdoor space. Owner's suite features a remodeled bath, private toilet room, dual sink vanity & an expanded closet with shoe storage & 42 linear feet of shelves. New interior upgrades are: 100% 18''x18'' tile, faux wood blinds & curtains, lighted fans, matte black door hardware, light fixtures & interior/exterior paint. New system upgrades are: an all-new HVAC system, Nest thermostat, gas water heater & smoke detectors. Enjoy a front covered patio AND an Arizona Room - screened covered patio, wood ceiling, herringbone tile floor. The pergola leads to 400SF artificial turf yard, 2 paver areas for outdoor seating. Even the pet door has a pergola! Come see!
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PRICE & RENT TRENDS
Neighborhood: Wigwam Creek North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wigwam Creek North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,188 |
| Property Tax | -$216 | |
| Property Insurance | -$62 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$77
|
||
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.
$342,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$96,380
LOAN DETAILS
$1,188
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,500 |
| Loan Amount | $256,500 |
4.33
YEARS SAVED
$14,141
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,541
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
12441 W Montebello Avenue Litchfield Park, AZ 3
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,540
- $0.86
-
12417 W Solano Drive Litchfield Park, AZ 1
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2003
LEASED 03/07/20- Rent
- Rent Per SQFT
- $1,380
- $0.77
-
12427 W San Juan Avenue Litchfield Park, AZ 2
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2004
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.84
-
12422 W San Juan Avenue Litchfield Park, AZ 4
- 4 beds 3 baths ∙ 1,782 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,782 Sqft ∙ Built 2004
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,595
- $0.90
-
12420 W Montebello Avenue Litchfield Park, AZ 5
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2003
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,699
- $0.95
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196828
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
