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12513 W Cercado Lane Litchfield Park, AZ 85340

3 Beds 2 Baths 1,678 sqft Built 2002

$324,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $193.62
  • 4 Days on Market
  • MLS # : 6175928
  • Updated Date : 12/31/2020 at 20:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,678 sqft
  • Baths : 2 full
Listing Agent

Geneva Real Estate And Investments

Listing Agent's Description

Unbelievable single level property is now on the market in popular Litchfield Park! This amazing house has it all, starting with a low maintenance desert front landscaping. The highly upgraded interior is a dream come true, offering everything you have been looking for; beautiful wood-like tile, neutral color palette, lots of natural light ideal for interior plants, and a den great for an office. This impressive eat-in kitchen is a cook's delight, providing high-end appliances, recessed lighting, a gorgeous chandelier, granite counter-tops, and more. The main bedroom includes several windows that bring in lots of sunlight and a luxurious bathroom with dual sinks and walk-in closet. Perfectly sized backyard with covered patio and so much privacy is ideal for your gatherings. Start calling!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wigwam Creek South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k315k

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

Neighborhood: Wigwam Creek South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9091813

* 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
Corte Sierra Elementary School Primary Regular 828 37 7
Wigwam Creek Middle School Middle Regular 927 39 8
Agua Fria High School High Regular 1,725 92 4

Corte Sierra Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 37
7
GreatSchools Rating

Wigwam Creek Middle School

  • Education Level: Middle
  • # of students: 927
  • # of teachers: 39
8
GreatSchools Rating

Agua Fria High School

  • Education Level: High
  • # of students: 1,725
  • # of teachers: 92
4
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,199
Property Tax -$205
Property Insurance -$60
HOA -$42
Property Management Fees -$99
CASH FLOW
-$55

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.

$324,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$18,596

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
  • $1,548

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4754$1,4855$1,499
$1,499
RENT COMPS ANALYSIS
  • 12513 W Cercado Lane Litchfield Park, AZ 1
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.94
    •  
PROPERTY LISTING DETAILS
Nate Tanner
Geneva Real Estate And Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175928
Last Updated: 12/31/2020
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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