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13845 W Sarano Terrace Litchfield Park, AZ 85340

4 Beds 5 Baths 3,770 sqft Built 2018

$575,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $152.52
  • 5 Days on Market
  • MLS # : 6191860
  • Updated Date : 02/19/2021 at 00:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,770 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Absolutely immaculate, modern 4 bed/4.5 bath home in gated community in Litchfield Park. Upstairs loft & downstairs den/office for extra living space! Home feels like a brand new model home with designer upgrades throughout. 2 Owners Suite - 1 upstairs and 1 downstairs! Bright interior with lots of windows bringing in natural sunlight. Bright white kitchen with granite counters, top of the line stainless steel appliances - including a gas cooktop and wall oven & center island. Downstairs owners suite has a built-in coffee/wine bar, walk-in closet, dual sinks, oversized walk-in shower & soaking tub. Great sized backyard with RV double gate and plenty of room to customize into the yard of your dreams!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Litchfield Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k371k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Litchfield Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
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

Millennium High School

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

$517,500$632,500$575,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,997
Property Tax -$349
Property Insurance -$101
HOA -$145
Property Management Fees -$99
CASH FLOW
-$190

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.

$575,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$16,829

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
  • $3,073

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7953$2,8004$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 13845 W Sarano Terrace Litchfield Park, AZ 1
    • 4 beds 5 baths ∙ 3,770 Sqft ∙ Built 2018 4 beds 5 baths ∙ 3,770 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14210 W Greentree Drive S Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 3,642 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,642 Sqft ∙ Built 1998
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.77
    •  
  • 15145 W Elm Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 3,712 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,712 Sqft ∙ Built 2007
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 14584 W Hidden Terrace Loop Litchfield Park, AZ 4
    • 5 beds 5 baths ∙ 3,722 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,722 Sqft ∙ Built 2006
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.81
    •  
  • 4866 N Escondido Place Litchfield Park, AZ 5
    • 4 beds 4 baths ∙ 3,559 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,559 Sqft ∙ Built 2008
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Carin S Nguyen
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191860
Last Updated: 02/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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