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12907 W Georgia Avenue Litchfield Park, AZ 85340

3 Beds 3 Baths 3,636 sqft Built 1999

$795,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $218.65
  • 2 Days on Market
  • MLS # : 6206756
  • Updated Date : 03/13/2021 at 00:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,636 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Welcome to this Amazing Stunning Territorial Style Home: 3 Bedroom, Den/4th Bdrm, 2.5 Bath, 3636 Sq Ft home on Over 1/2 Acre. Throughout the home you'll enjoy the open concept, 10' & 12' ceilings, Territorial / Santa Fe style accents, Skylights and Gorgeous Alder wood doors & cabinetry. The dramatic entrance is open to a generous Size Living Room accented with Wood Beam columns & so much natural light overlooking the backyard oasis. The kitchen offers an island, breakfast bar, ample elegant Alder Cabinets & walk-in pantry. The kitchen is open to casual dining which conveniently features French doors leading to the outdoor built-in BBQ, Gas fire-pit and ample seating giving it the perfect flow for entertaining. You'll enjoy relaxing in the large family room that offers built-in shelving,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Litchfield Vista Views

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $109k619k

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

Neighborhood: Litchfield Vista Views

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10182385

* 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
 

$715,500$874,500$795,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,761
Property Tax -$502
Property Insurance -$98
HOA -$2
Property Management Fees -$99
CASH FLOW
-$892

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.

$795,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,303

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $3,091

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,570
1$2,5702$2,7953$3,300
$3,300
RENT COMPS ANALYSIS
  • 12907 W Georgia Avenue Litchfield Park, AZ 1
    • 3 beds 3 baths ∙ 3,636 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,636 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $0.71
    •  
  • 14210 W Greentree Drive S Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 3,642 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,642 Sqft ∙ Built 1998
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.77
    •  
  • 1150 N Oro Vista -- Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 3,546 Sqft ∙ Built 1980 4 beds 3 baths ∙ 3,546 Sqft ∙ Built 1980
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Dennis Reichard
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206756
Last Updated: 03/13/2021
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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