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13117 W Berridge Court Litchfield Park, AZ 85340

4 Beds 4 Baths 3,780 sqft Built 2002

$560,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $148.15
  • 3 Days on Market
  • MLS # : 6167720
  • Updated Date : 12/04/2020 at 13:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,780 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous single level home with impressive foyer and 12 foot ceilings throughout. Foyer opens to a luxurious backyard with the double sliders. Large upgraded kitchen has gas range, quartz counter tops, beautiful cabinets with plenty of storage, plus breakfast bar and eat in kitchen. Oversized family room with beautiful windows overlooking the spacious backyard. Den/office has double doors. Large master suite with built in storage in closet and large master bath with separate Jacuzzi tub and walk in large shower and double sinks. 2 bedrooms share a Jack n Jill bathroom with separate vanities. Huge 3 car garage. Back yard includes R/V gate and fruit trees and garden. This yard is made entertaining w/massive covered patio, pergola and large resort style pavers with built in BBQ and fire pit.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dreaming Summit

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Dreaming Summit

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361981

* 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
Dreaming Summit Elementary School Primary Regular 837 36 7
L. Thomas Heck Middle School Middle Regular 735 34 7
Millennium High School High Regular 2,205 94 4

Dreaming Summit Elementary School

  • Education Level: Primary
  • # of students: 837
  • # of teachers: 36
7
GreatSchools Rating

L. Thomas Heck Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

Millennium High School

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

$504,000$616,000$560,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,066
Property Tax -$354
Property Insurance -$101
HOA -$176
Property Management Fees -$99
CASH FLOW
$114

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$560,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$47,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,667

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,9103$3,4954$4,500
$4,500
RENT COMPS ANALYSIS
  • 13117 W Berridge Court Litchfield Park, AZ 2
    • 4 beds 4 baths ∙ 3,780 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,780 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $0.77
    •  
  • 14210 W Greentree Drive S Litchfield Park, AZ 1
    • 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
    •  
  • 5313 N 145th Drive Litchfield Park, AZ 3
    • 4 beds 5 baths ∙ 3,528 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,528 Sqft ∙ Built 2017
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.99
    •  
  • 13412 W Annika Drive Litchfield Park, AZ 4
    • 5 beds 4 baths ∙ 3,918 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,918 Sqft ∙ Built 2002
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Janely Gonzalez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167720
Last Updated: 12/04/2020
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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