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12919 W Glenrosa Drive Litchfield Park, AZ 85340

3 Beds 2 Baths 1,723 sqft Built 2003

$300,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $174.11
  • 6 Days on Market
  • MLS # : 6154991
  • Updated Date : 11/03/2020 at 14:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,723 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

MORE PICTURES COMING TODAY Great curb appeal on this charming 3 bedroom 2 bath home in Wigwam Creek. Very nicely kept and maintained, nicely painted, laminate and tile thru out, a beautiful upgraded master bathroom, a kitchen with lots of cabinet space and corian countertops, pavers in the backyard, the corner lot provides ample space, the possibilities are endless. Location is everything! This home is located near Litchfield Elementary School, Dodgers Spring Training Facility, near grocery stores, freeways and shopping centers.

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
Rancho Santa Fe Elementary School Primary Regular 694 34 5
Wigwam Creek Middle School Middle Regular 927 39 8
Agua Fria High School High Regular 1,725 92 4

Rancho Santa Fe Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 34
5
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,107
Property Tax -$189
Property Insurance -$61
HOA -$62
Property Management Fees -$99
CASH FLOW
$12

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.

$300,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.51%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,542

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,5303$1,5504$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 12919 W Glenrosa Drive Litchfield Park, AZ 2
    • 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.89
    •  
  • 12752 W Redondo Drive Litchfield Park, AZ 1
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.83
    •  
  • 12813 W Sells Drive Litchfield Park, AZ 3
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2003
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 12840 W Redondo Drive Litchfield Park, AZ 4
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.95
    •  
  • 12805 W Redondo Drive Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2002
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
PROPERTY LISTING DETAILS
Yesenia Gallardo
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154991
Last Updated: 11/03/2020
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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