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18426 W San Miguel Avenue W Litchfield Park, AZ 85340

4 Beds 3 Baths 3,112 sqft Built 2011

$592,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $190.23
  • 1 Days on Market
  • MLS # : 6157590
  • Updated Date : 11/14/2020 at 17:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,112 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Nice open floor plan, the Harlan has Formal Dining/Living room. Split floor plan w/generous Master bedroom, double door entry & bay window. Master bath has separate tub/shower, double sinks, raise vanity & walk in closet.Large kitchen w/ island, breakfast bar & cabinets, overlooks family room w/ SGD to covered patio & Pool. 3 bedrooms, a 3/4 bath & 1 Jack & Jill full bath w/ 2 bedrooms w/ their own sinks. All bedrooms w/walk in closets, Teen room, built in desk area. Ceiling fans & Mini blinds T/O. Attached 3 car garage with service door to back & 20' x 40' RV garage. built in cabinets, A/C & utility sink. Separate service door to pool area. Large driveway from behind 16' RV gate to RV garage, Runners from street to RV gate. 220 amp service in RV garage.

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
 

$532,800$651,200$592,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,184
Property Tax -$486
Property Insurance -$88
HOA -$113
Property Management Fees -$99
CASH FLOW
-$630

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.

$592,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.40%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,630

INVESTMENT

$162,630

Down Payment
$148,000
Rehab Estimate
$5,750
Closing Costs
$8,880

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,184

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,000
Loan Amount $444,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,610

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,490

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2003$2,3404$2,600
$2,600
RENT COMPS ANALYSIS
  • 18426 W San Miguel Avenue W Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 3,112 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,112 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.75
    •  
  • 19251 W Pasadena Avenue Litchfield Park, AZ 1
    • 3 beds 3 baths ∙ 2,844 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,844 Sqft ∙ Built 2010
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.77
    •  
  • 19320 W Oregon Avenue Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2010
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 19340 W Pasadena Avenue Litchfield Park, AZ 4
    • 4 beds 4 baths ∙ 3,072 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,072 Sqft ∙ Built 2013
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
PROPERTY LISTING DETAILS
Robin Whipple
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157590
Last Updated: 11/14/2020
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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