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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $201.59
- 3 Days on Market
- MLS # : 6176242
- Updated Date : 01/01/2021 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,266 sqft
- Baths : 4 full
Listing Agent
Realty One Group
Listing Agent's Description
Amazing golf course home in the tranquil, guard gated, community of Litchfield Greens. This home features 4 large bedrooms and 4 ensuite bathrooms, an office, and a 3 car garage. Pull into the drive and take in the peaceful feel of a secure, guard gated community. Through the grand front entrance, you are immediately met with views of an expansive back yard and the 6th fairway of the Red Course at Wigwam golf club. The great room features a copper top bar and plenty of room for entertaining. Through the dining room you enter the kitchen and breakfast nook featuring built in refrigerator and pantry. The living room features an amazing southwestern motif, an elegant tongue and groove ceiling, log framed built in, and a chiminea style fireplace giving the home true Arizona southwestern feel.
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PRICE & RENT TRENDS
Neighborhood: Litchfield Greens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Litchfield Greens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,000 |
| EXPENSES | Loan Payment | -$3,173 |
| Property Tax | -$530 | |
| Property Insurance | -$110 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$958
|
||
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.
$860,000
PROJECTED PRICE
$3,000
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| 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
$233,650
LOAN DETAILS
$3,173
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $215,000 |
| Loan Amount | $645,000 |
0.67
YEARS SAVED
$2,255
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,741
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
14203 W Greentree Drive S Litchfield Park, AZ 1
- 4 beds 4 baths ∙ 4,266 Sqft ∙ Built 1995 4 beds 4 baths ∙ 4,266 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $0
- $0.00
-
975 W Orchard Lane Litchfield Park, AZ 2
- 3 beds 3 baths ∙ 4,092 Sqft ∙ Built 2005 3 beds 3 baths ∙ 4,092 Sqft ∙ Built 2005
LEASED 01/02/20- Rent
- Rent Per SQFT
- $2,600
- $0.64
-
4714 N 151st Drive Goodyear, AZ 3
- 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006
LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,600
- $0.63
-
13607 W Reade Avenue Litchfield Park, AZ 4
- 5 beds 5 baths ∙ 4,457 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,457 Sqft ∙ Built 2003
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,800
- $0.63
-
756 W Mesquite Lane Litchfield Park, AZ 5
- 4 beds 4 baths ∙ 4,358 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,358 Sqft ∙ Built 2005
LEASED 08/01/19- Rent
- Rent Per SQFT
- $2,900
- $0.67
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176242
Last Updated: 01/01/2021
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.
