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13141 W Fairmont Avenue Litchfield Park, AZ 85340

4 Beds 2 Baths 1,773 sqft Built 2004

$329,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $186.07
  • 4 Days on Market
  • MLS # : 6192960
  • Updated Date : 02/12/2021 at 23:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,773 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

This lovely, extremely well maintained 4 bed, 2 bath home is located in the Dysart Ranch community. Formal living & dining with very open layout. Soft color palette throughout. The eat-in kitchen has oak cabinets, gorgeous granite counters, large island with breakfast bar, Stainless steel appliances, and a big pantry. Sizable bedrooms have plush carpeting & ceiling fans. The primary bedroom has a full bath with double sinks and garden tub + large walk-in closet. The backyard has a covered patio and plenty of room to add your personal touches! Don't miss this one!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dysart Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Dysart Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10121981

* 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
Millennium High School High Regular 2,205 94 4

Wigwam Creek Middle School

  • Education Level: Middle
  • # of students: 927
  • # of teachers: 39
8
GreatSchools Rating

Millennium High School

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

$296,910$362,890$329,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,146
Property Tax -$228
Property Insurance -$62
HOA -$85
Property Management Fees -$99
CASH FLOW
-$100

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.

$329,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,560

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5003$1,5204$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 13141 W Fairmont Avenue Litchfield Park, AZ 3
    • 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.86
    •  
  • 12907 W Weldon Avenue Avondale, AZ 1
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2002
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 3543 N 130th Drive Avondale, AZ 2
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2001
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 12805 W Redondo Drive Litchfield Park, AZ 4
    • 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
    •  
  • 13018 W Monterey Way Avondale, AZ 5
    • 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2002
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
PROPERTY LISTING DETAILS
Shannon Cunningham
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192960
Last Updated: 02/12/2021
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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