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13536 W Peck Drive Litchfield Park, AZ 85340

3 Beds 2 Baths 1,864 sqft Built 2003

$308,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $165.72
  • 1 Days on Market
  • MLS # : 6170885
  • Updated Date : 12/12/2020 at 19:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,864 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come see this pleasant, move-in-ready, 3 bedroom, 2 bathroom home within Litchfield Park. You will first notice the inviting landscaped front yard of this 1,864 sq ft above grade home. The warm natural light greets you when entering and encourages further exploration. The kitchen has high vaulted ceilings and plentiful cabinet options making it easy to see yourself cooking and entertaining with family and friends. The spacious primary bedroom has a walk-in closet and large windows allowing natural light to shine through. The roomy en suite bathroom has 2 sinks and a deep tub for one to relax and rejuvenate in. Like the front, the backyard is landscaped as well, inspiring you to spend time outside with those you love and hold dear.

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
Western Sky Middle School Primary Regular 994 41 8
Western Sky Middle School Middle Regular 994 41 8
Millennium High School High Regular 2,205 94 4

Western Sky Middle School

  • Education Level: Primary
  • # of students: 994
  • # of teachers: 41
8
GreatSchools Rating

Western Sky Middle School

  • Education Level: Middle
  • # of students: 994
  • # of teachers: 41
8
GreatSchools Rating

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$278,010$339,790$308,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,140
Property Tax -$195
Property Insurance -$64
HOA -$110
Property Management Fees -$99
CASH FLOW
-$17

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.

$308,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,609

INVESTMENT

$87,609

Down Payment
$77,225
Rehab Estimate
$5,750
Closing Costs
$4,634

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,225
Loan Amount $231,675
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$18,279

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
  • $1,584

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5004$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 13536 W Peck Drive Litchfield Park, AZ 1
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13540 W Keim Drive Litchfield Park, AZ 2
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2002
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 13221 W Jacobson Drive Litchfield Park, AZ 3
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 2002
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.87
    •  
  • 13644 W Berridge Lane Litchfield Park, AZ 4
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2002
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 13519 W Peck Drive Litchfield Park, AZ 5
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2002
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170885
Last Updated: 12/12/2020
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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