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13262 W Monterey Way Litchfield Park, AZ 85340

5 Beds 3 Baths 3,705 sqft Built 2005

$499,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $134.68
  • 3 Days on Market
  • MLS # : 6149514
  • Updated Date : 12/05/2020 at 09:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,705 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

PRIDE OF OWNERSHIP in this beautiful, move- in ready home in the highly desirable Dysart Ranch. This home has it all with over 3700 sq feet of living space, spacious bedrooms anda backyard perfect for entertaining. Downstairs you will find one bedroom and a full bathroom. Upgrades throughout the home, including new carpet and luxury vinyl tile, refinished cabinets in the kitchen and bath, and new stainless steel appliances. The backyard features gorgeous travertine, artificial turf, a playset for the kids and a sparkling, self cleaning, pebbletec pool with a waterfall and slide. With thishome you also will find a COX security system with indoor and outdoor cameras and security doors that convey with the property. Newer HVAC system that has UV light that kills DNA of germs, viruses,

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
Rancho Santa Fe Elementary School Primary Regular 694 34 5
Wigwam Creek Middle School Middle Regular 927 39 8
Millennium High School High Regular 2,205 94 4

Rancho Santa Fe Elementary School

  • Education Level: Primary
  • # of students: 694
  • # of teachers: 34
5
GreatSchools Rating

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
 

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

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,841
Property Tax -$345
Property Insurance -$99
HOA -$85
Property Management Fees -$99
CASH FLOW
-$299

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.

$499,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.43%

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$1.0M$1.2M

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

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.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,024

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
  • $2,343

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 13262 W Monterey Way Litchfield Park, AZ 1
    • 5 beds 3 baths ∙ 3,705 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,705 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13970 W Woodbridge Avenue Goodyear, AZ 2
    • 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
    •  
  • 2024 N 125th Avenue Avondale, AZ 3
    • 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,751 Sqft ∙ Built 1996
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.61
    •  
  • 13279 W Monterey Way Litchfield Park, AZ 4
    • 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
    •  
  • 2739 N 144th Drive Goodyear, AZ 5
    • 4 beds 4 baths ∙ 3,615 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,615 Sqft ∙ Built 2004
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.66
    •  
PROPERTY LISTING DETAILS
Brittany K Howe
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149514
Last Updated: 12/05/2020
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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