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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $141.76
- 7 Days on Market
- MLS # : 6188885
- Updated Date : 02/13/2021 at 22:46
CONSTRUCTION
- Beds : 5
- Floor Size : 3,520 sqft
- Baths : 3 full , 1 half
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Welcome to the most square footage to find in Litchfield Park! 5 bedrooms, 3.5 baths, downstairs guest bedroom with walk in shower. Upstairs game room/loft. Resort style backyard with pool and plush landscaping. Paved slab on side of house in backyard for additional parking. Upgrades throughout, wonderful school district, and recent exterior paint. Moments from the Wigwam.
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PRICE & RENT TRENDS
Neighborhood: Wigwam Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wigwam Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$315 | |
| Property Insurance | -$96 | |
| HOA | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$237
|
||
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.
$499,000
PROJECTED PRICE
$2,070
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
3.08
YEARS SAVED
$12,223
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$0.59
LIST RENT PER SQFT
-
$2,165
COMP ESTIMATED VALUE -
$0.62
COMP AVG. RENT PER SQFT
Comps Range
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13002 W Alegre Drive Litchfield Park, AZ 2
- 5 beds 4 baths ∙ 3,520 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,520 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,070
- $0.59
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12382 W Highland Avenue Avondale, AZ 1
- 5 beds 3 baths ∙ 3,277 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,277 Sqft ∙ Built 2005
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,795
- $0.55
-
12534 W Solano Drive Litchfield Park, AZ 3
- 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2003
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,095
- $0.65
-
13970 W Woodbridge Avenue Goodyear, AZ 4
- 4 beds 3 baths ∙ 3,412 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,412 Sqft ∙ Built 2004
LEASED 12/01/19- Rent
- Rent Per SQFT
- $2,200
- $0.64
-
13279 W Monterey Way Litchfield Park, AZ 5
- 5 beds 3 baths ∙ 3,705 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,705 Sqft ∙ Built 2005
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,300
- $0.62
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188885
Last Updated: 02/13/2021
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.
