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13309 W Indianola Avenue Litchfield Park, AZ 85340

5 Beds 3 Baths 2,870 sqft Built 2005

$385,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $134.15
  • 2 Days on Market
  • MLS # : 6193881
  • Updated Date : 03/13/2021 at 22:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,870 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

You will L.O.V.E. this home. This large home has 5 bedrooms, a loft, and 3 full bathrooms (one full bathroom & bedroom is downstairs). There are also two living areas and a large eat in kitchen...complete with all appliances. The backyard is as low maintenance as it gets...synthetic yard, and a wonderful pebble-tec, salt water pool, which is fenced. The home is located on a very quiet cul-de-sac. Great neighborhood, close to shopping, schools, restaurants, and more. A + school district too!! The Perfect place to call home.

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,337
Property Tax -$266
Property Insurance -$83
HOA -$85
Property Management Fees -$99
CASH FLOW
$150

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.

$385,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.52%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$33,595

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
  • $2,074

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,9954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 13309 W Indianola Avenue Litchfield Park, AZ 1
    • 5 beds 3 baths ∙ 2,870 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,870 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13607 W Catalina Drive Avondale, AZ 2
    • 5 beds 3 baths ∙ 2,773 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,773 Sqft ∙ Built 2006
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.65
    •  
  • 13317 W Indianola Avenue Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2005
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.66
    •  
  • 13618 W Pinchot Avenue Avondale, AZ 4
    • 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,545 Sqft ∙ Built 2006
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 4333 N 125th Avenue Litchfield Park, AZ 5
    • 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2002
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
PROPERTY LISTING DETAILS
Ronald Orozco
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193881
Last Updated: 03/13/2021
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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