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13432 W Citrus Court Litchfield Park, AZ 85340

5 Beds 3 Baths 3,048 sqft Built 2002

$470,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $154.20
  • 3 Days on Market
  • MLS # : 6178813
  • Updated Date : 01/15/2021 at 20:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,048 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous two story Litchfield Park home available on a large corner lot in Dreaming Summit. Room to spread out with over 3000 sq ft of living space, 5 bedrooms, 3 bathrooms, and a huge lofT. Formal living area and separate family room. Elegant formal dining room with coffered ceilings. Island kitchen boasts sleek quartz countertops, a breakfast bar and a walk-in pantry. Owned alarm system. 1 bedroom and bath downstairs. All showers with tile surround. Double door entry to the upstairs master retreat with a huge walk in closet and balcony access. Spa inspired ensuite boasts dual quartz vanities and separate tub and shower. 3 car garage and RV gate. Backyard oasis complete w/ a covered patio and a self cleaning pebble tec diving pool. Don't miss it.

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
 

$423,000$517,000$470,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,632
Property Tax -$297
Property Insurance -$87
HOA -$195
Property Management Fees -$99
CASH FLOW
$130

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.

$470,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.52%

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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$35,237

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,499

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,4753$2,500
$2,500
RENT COMPS ANALYSIS
  • 13432 W Citrus Court Litchfield Park, AZ 1
    • 5 beds 3 baths ∙ 3,048 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,048 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.80
    •  
  • 12816 W Vista Paseo Drive Litchfield Park, AZ 2
    • 5 beds 3 baths ∙ 3,114 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,114 Sqft ∙ Built 2002
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.79
    •  
  • 5922 N 129th Drive Litchfield Park, AZ 3
    • 4 beds 4 baths ∙ 2,926 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,926 Sqft ∙ Built 1996
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Angela Dansereau, Pllc
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178813
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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