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13328 W Montebello Avenue 
Litchfield Park, AZ
85340
3 Beds 3 Baths 2,432 sqft
Built 2003
INVESTimate
$400,000
List Price
$111,750
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $164.47
- 3 Days on Market
- MLS # : 6113323
- Updated Date : 08/25/2020 at 22:51
CONSTRUCTION
- Beds : 3
- Floor Size : 2,432 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Professionals
Listing Agent's Description
Don't miss this incredible opportunity to own a beautiful Ryland home in the gated section of Dreaming Summit. This spectacular home features grand entrance, 10 foot ceilings, three bedrooms + den, 2 1/2 baths and so much more. Magnificent great room floor plan open to the amazing kitchen featuring corian countertops, staggered maple cabinets, double oven, flat top stove and microwave. Large picturesque windows overlook the gorgeous backyard that has been meticulously landscaped with a lush beautiful lawn and large covered patio. This split master bedroom floorplan features large en suite bath with separate tub /shower and double sinks. Your buyers will not be disappointed in this pristine home that looks almost brand new.
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PRICE & RENT TRENDS
Neighborhood: Dreaming Summit
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dreaming Summit
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$253 | |
| Property Insurance | -$75 | |
| HOA | -$163 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$405
|
||
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.
$400,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.34% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
0.83
YEARS SAVED
$1,535
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,775
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
13328 W Montebello Avenue Litchfield Park, 2
- 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,660
- $0.68
-
13440 W Rhine Lane #51 Litchfield Park, 1
- 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2003
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,595
- $0.71
-
5615 N 134th Drive Litchfield Park, 3
- 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 2003
LEASED 06/13/20- Rent
- Rent Per SQFT
- $1,800
- $0.74
-
13425 W Keim Drive Litchfield Park, 4
- 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2002
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,875
- $0.72
-
13442 W Rovey Avenue Litchfield Park, 5
- 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,543 Sqft ∙ Built 2003
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,895
- $0.75
PROPERTY LISTING DETAILS
Re/max Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6113323
Last Updated: 08/25/2020
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.
