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12609 W Pasadena Avenue Litchfield Park, AZ 85340

4 Beds 2 Baths 1,313 sqft Built 2002

$285,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $217.06
  • 3 Days on Market
  • MLS # : 6209056
  • Updated Date : 03/19/2021 at 22:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,313 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

A tasteful and beautifully remodeled 4 bedroom ranch in a wonderful community, just down the street from a neighborhood play area. This home is clean, move in ready with many nice touches. The kitchen was fully remodeled in 2018 with new soft close cabinets, quartz countertops, all new appliances and light fixtures in 2020. The two baths were partially remodeled too, New wood look tile and new bedroom carpets throughout home. Energy efficient windows replaced in most of home in 2020. Clean, epoxy floor in garage. New exterior paint in late 2020. Easy maintenance front and back landscaping. Schedule a showing today before this one is gone!

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
Barbara B. Robey Elementary School Primary Regular 793 37 6
Millennium High School High Regular 2,205 94 4

Barbara B. Robey Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 37
6
GreatSchools Rating

Millennium High School

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

$256,500$313,500$285,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$990
Property Tax -$180
Property Insurance -$53
HOA -$52
Property Management Fees -$99
CASH FLOW
-$144

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.

$285,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.43%

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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$6,725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,247

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,3953$1,4504$1,4855$1,499
$1,499
RENT COMPS ANALYSIS
  • 12609 W Pasadena Avenue Litchfield Park, AZ 1
    • 4 beds 2 baths ∙ 1,313 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,313 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.94
    •  
  • 12412 W Montebello Avenue Litchfield Park, AZ 2
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2003
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 12826 W Glenrosa Drive Litchfield Park, AZ 3
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 2003
    property image
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 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
Isabel Griesser
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209056
Last Updated: 03/19/2021
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.

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