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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $189.27
- 2 Days on Market
- MLS # : 6177018
- Updated Date : 01/15/2021 at 23:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,585 sqft
- Baths : 2 full
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
Great Litchfield Park home located on the east side of Luke Air Force Base. This 3 bedroom, 2 bath house comes with a pool and firepit. Perfect for outdoor living!!! Split floor plan. Master bedroom includes a bay window and a large walk-in closet. Tile and carpet flooring. Water softener is owned. Garage interior is wider than normal and provides space for tools, toys, shelves, cabinets, etc. RV gate. Located in the growing west valley. Close to Cardinals stadium and Phoenix Raceway; 101 and 303 and 10 freeways; shopping; restaurants; hiking trails; Estrella Mountain Community College; and so much more!
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$189 | |
| Property Insurance | -$58 | |
| HOA | -$102 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$21
|
||
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.
$300,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
4.58
YEARS SAVED
$14,058
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,482
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
13724 W San Miguel Avenue Litchfield Park, AZ 2
- 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,470
- $0.93
-
13711 W Rancho Drive Litchfield Park, AZ 1
- 4 beds 2 baths ∙ 1,503 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,503 Sqft ∙ Built 2002
![property image]()
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,295
- $0.86
-
13739 W Keim Drive Litchfield Park, AZ 3
- 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2002
![property image]()
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,495
- $0.93
-
5929 N Milano Court Litchfield Park, AZ 4
- 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2002
![property image]()
LEASED 01/14/21- Rent
- Rent Per SQFT
- $1,500
- $1.00
-
13518 W Marshall Avenue Litchfield Park, AZ 5
- 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 2003
![property image]()
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,650
- $0.95
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177018
Last Updated: 01/15/2021
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.
