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18306 W Oregon Avenue Litchfield Park, AZ 85340

3 Beds 3 Baths 2,691 sqft Built 2009

$443,750

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $164.90
  • 2 Days on Market
  • MLS # : 6172517
  • Updated Date : 12/18/2020 at 21:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,691 sqft
  • Baths : 2 full , 1 half
Listing Agent

Southwest Preferred Properties

Listing Agent's Description

You've found the 3 bed plus den home you've been looking for and it is move-in ready! This spacious home is on corner lot w/RV gate and 3 car tandem garage, ideal size to store all your toys. Neutral interior with open concept kitchen and great room. Cabinets galore and large walk-in pantry. Huge master suite features an enormous closet and garden tub for taking long relaxing baths. Beautiful backyard is North facing and features mature trees and grassy area. Spacious back yard is ideal size for a pool. Canyon View High School is just 3 minutes away, easy access to 303.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k425k

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

Neighborhood: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452051

* 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
Scott L. Libby Elementary School Primary Regular 744 33 8
Scott L. Libby Elementary School Middle Regular 744 33 8
Verrado High School High Regular 1,855 74 4

Scott L. Libby Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Scott L. Libby Elementary School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$399,375$488,125$443,750

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,637
Property Tax -$366
Property Insurance -$80
HOA -$62
Property Management Fees -$99
CASH FLOW
-$84

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.

$443,750

PROJECTED PRICE

$2,160

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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-$5.0k$0.0$5.0k$10k$15k

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$123,344

INVESTMENT

$123,344

Down Payment
$110,938
Rehab Estimate
$5,750
Closing Costs
$6,656

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,637

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,938
Loan Amount $332,813
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$21,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,274

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1403$2,1604$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 18306 W Oregon Avenue Litchfield Park, AZ 3
    • 3 beds 3 baths ∙ 2,691 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,691 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.80
    •  
  • 18479 W College Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 18339 W Bethany Home Road Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2006
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.82
    •  
  • 18607 W Oregon Avenue Litchfield Park, AZ 4
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2013
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 5534 N 188th Lane Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2019
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Susan E Fix
Southwest Preferred Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172517
Last Updated: 12/18/2020
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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