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13324 W Palo Verde Drive Litchfield Park, AZ 85340

5 Beds 4 Baths 4,464 sqft Built 2003

$675,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $151.21
  • 5 Days on Market
  • MLS # : 6155950
  • Updated Date : 11/07/2020 at 17:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,464 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Exquisite Home with Fountain in the Gated Community of Dreaming Summit. Elegant Entry to Formal Living Room with Fireplace & Formal Dining Room. Beautiful Gourmet Kitchen,highly upgraded with Stainless Steel Appliances, Island, Gas Stove, Granite Countertops and Backsplash, overlooking Dinette and Family Room with Wet Bar. Guest Bedroom with Full Bath downstairs, plus cozy Powder Room & nice size Laundry Room with high end Front Load Washer and Dryer. Epoxy 3 Car Garage. Master Suite with his & hers Closet plus Bathroom with separate Tub and Shower & Double Sinks. Three nice size Bedrooms plus Bathroom & oversized Loft / Game Room. Enjoy the private Backyard with an oversized covered Patio, Pavers, Synthetic Grass & Pool to relax. ***This Dream Home is a Must See***Mint Condition***

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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,490
Property Tax -$426
Property Insurance -$114
HOA -$198
Property Management Fees -$99
CASH FLOW
-$748

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.

$675,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.38%

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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,381

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
  • $2,868

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5004$2,8005$3,300
$3,300
RENT COMPS ANALYSIS
  • 13324 W Palo Verde Drive Litchfield Park, AZ 1
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12932 W Sierra Vista Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 4,156 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,156 Sqft ∙ Built 2006
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.60
    •  
  • 12913 W Mclellan Road Glendale, AZ 3
    • 4 beds 3 baths ∙ 4,156 Sqft ∙ Built 2006 4 beds 3 baths ∙ 4,156 Sqft ∙ Built 2006
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.60
    •  
  • 13607 W Reade Avenue Litchfield Park, AZ 4
    • 5 beds 5 baths ∙ 4,457 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,457 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.63
    •  
  • 5815 N 133rd Avenue Litchfield Park, AZ 5
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2002
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.74
    •  
PROPERTY LISTING DETAILS
Donna Laguna
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155950
Last Updated: 11/07/2020
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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