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18615 W Denton Avenue Litchfield Park, AZ 85340

4 Beds 2 Baths 2,364 sqft Built 2013

$575,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $243.23
  • 1 Days on Market
  • MLS # : 6210234
  • Updated Date : 03/21/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,364 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

RV Garage + 3 Car Garage! Located in Litchfield Park in the lovely neighborhood of Savannah, you have a rare opportunity to own this remodeled and well-appointed 4 Bedroom, 2 Bath - Split floor plan home! Greatroom adjacent to the gourmet kitchen features new granite countertops, tile backsplash, under cabinet lighting, farm sink, gas cooktop, built-in double oven, stainless steel appliances, walk-in pantry & island with pendant lighting. The homeowners chose a beautiful granite with a leathered finish; this complicated process produced a stunning countertop surface for a one-of-a-kind look for the kitchen. Also added was a full-sized refrigerator and freezer to the kitchen, which adds the high-end look, real-world workspace, and the performance of a professional kitchen.

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
Verrado Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

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

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

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,997
Property Tax -$472
Property Insurance -$73
HOA -$90
Property Management Fees -$99
CASH FLOW
-$741

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

$1,990

PROJECTED RENT

0.35%

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-$15k-$10k-$5.0k$0.0$5.0k

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$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 70% 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

0.25

YEARS SAVED

$111

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
  • $1,998

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,1404$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 18615 W Denton Avenue Litchfield Park, AZ 1
    • 4 beds 2 baths ∙ 2,364 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,364 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18479 W College Drive Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 18339 W Bethany Home Road Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2006
    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
    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
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lisa Sowada
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210234
Last Updated: 03/21/2021
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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