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13002 W Alegre Drive Litchfield Park, AZ 85340

5 Beds 4 Baths 3,520 sqft Built 2002

$499,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
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.

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
Wigwam Creek Middle School Middle Regular 927 39 8
Agua Fria High School High Regular 1,725 92 4

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
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

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

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

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
$1,795
1$1,7952$2,0703$2,0954$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 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
    •  
  • 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
Stephanie M Bobski
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188885
Last Updated: 02/13/2021
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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