Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12609 W Palo Verde Drive Litchfield Park, AZ 85340

5 Beds 3 Baths 3,222 sqft Built 2004

$429,900

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $133.43
  • 3 Days on Market
  • MLS # : 6184169
  • Updated Date : 01/22/2021 at 04:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,222 sqft
  • Baths : 2 full , 1 half
Listing Agent

Libertas Real Estate

Listing Agent's Description

Amazing 5 bedroom family home in a great neighborhood featuring a grand entrance with portico that opens up to a large area perfect for outdoor entertainment. First floor is fully tiled, open with tons of natural light, a gas fireplace and beautiful windows. Kitchen is spacious with a walk-in pantry, island, stainless steel appliances and beautiful wood cabinets. Backyard is a private oasis designed for relaxing, with a sparkling heated pool, built-in spa, and extended paver patio. 3 car garage, single car garage is insulated with a mini-split unit perfect for a man cave or private workspace. The master suite is fantastic with an entrance fit for a spa and a huge closet. The master bath is spacious with a separate shower and jetted tub, double sinks, and ample counter space.

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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,493
Property Tax -$271
Property Insurance -$90
HOA -$52
Property Management Fees -$99
CASH FLOW
$124

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.

$429,900

PROJECTED PRICE

$2,130

PROJECTED RENT

0.50%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$36,851

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
  • $2,277

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,2004$2,475
$2,475
RENT COMPS ANALYSIS
  • 12609 W Palo Verde Drive Litchfield Park, AZ 1
    • 5 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12534 W Solano Drive Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2003
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.65
    •  
  • 12645 W Marshall Avenue Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.68
    •  
  • 12816 W Vista Paseo Drive Litchfield Park, AZ 4
    • 5 beds 3 baths ∙ 3,114 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,114 Sqft ∙ Built 2002
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.79
    •  
PROPERTY LISTING DETAILS
Tracie Luckow
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184169
Last Updated: 01/22/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy