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13133 W Citrus Way Litchfield Park, AZ 85340

3 Beds 2 Baths 1,717 sqft Built 2002

$299,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $174.67
  • 1 Days on Market
  • MLS # : 6185133
  • Updated Date : 01/24/2021 at 00:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,717 sqft
  • Baths : 2 full
Listing Agent

Desert Wide Properties

Listing Agent's Description

Gorgeous 3 bedroom, 2 bath Litchfield Park home available in the heart of Dreaming Summit. This home offers fresh interior paint and new flooring which features beautiful wood laminate flooring throughout & new plush carpet in all the bedrooms. Open great room floor plan with kitchen overlooking the living area and soft natural lighting throughout. Spacious eat-in kitchen perfect for entertaining includes a center island w/ kitchen sink and large pantry. Split master floorplan for added privacy. The master ensuite has dual sinks, separate shower and tub, and a walk in closet. You'll fall in love with this home. Don't miss this one!

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,042
Property Tax -$189
Property Insurance -$61
HOA -$168
Property Management Fees -$99
CASH FLOW
-$229

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.

$299,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.44%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,447

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5004$1,5005$1,650
$1,650
RENT COMPS ANALYSIS
  • 13133 W Citrus Way Litchfield Park, AZ 1
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13540 W Keim Drive Litchfield Park, AZ 2
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 13221 W Jacobson Drive Litchfield Park, AZ 3
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.87
    •  
  • 13644 W Berridge Lane Litchfield Park, AZ 4
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2002
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 13639 W Cavalier Court Litchfield Park, AZ 5
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2003
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
PROPERTY LISTING DETAILS
Tiffany N Plummer
Desert Wide Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185133
Last Updated: 01/24/2021
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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