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19008 W Montebello Avenue Litchfield Park, AZ 85340

4 Beds 3 Baths 2,829 sqft Built 2021

$533,445

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2021
  • Price/Sqft : $188.56
  • 2 Days on Market
  • MLS # : 6155037
  • Updated Date : 11/02/2020 at 14:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,829 sqft
  • Baths : 3 full
Listing Agent

David Weekley Homes

Listing Agent's Description

With 4 beds, 3 baths, study, retreat and 4' extended 4 car garage, this dream home shines from the stunning curb appeal to the huge covered outdoor living space in the backyard. Designer appointed features, sight lines & storage are prominent throughout this bright, open plan. This gorgeous kitchen provides your time to shine as a chef with upgraded cabinets, stainless GE appliances, tiled backsplash, accent lighting & oversized diamond-shape island. The owner's bath boasts an oversized super shower, dual sinks and HUGE walk-in closet...time to shop! Energy-efficient, extensive NEW HOME WARRANTY & excellent customer service...there is no time like TODAY. See you soon!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85340

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85340

ZipNIR 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
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
 

$480,101$586,790$533,445

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,968
Property Tax -$425
Property Insurance -$82
HOA -$60
Property Management Fees -$99
CASH FLOW
-$375

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$533,445

PROJECTED PRICE

$2,260

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 3.00%
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-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,363

INVESTMENT

$143,363

Down Payment
$133,361
Rehab Estimate
$2,000
Closing Costs
$8,002

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,968

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,361
Loan Amount $400,084
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,736

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
  • $2,228

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,1954$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 19008 W Montebello Avenue Litchfield Park, AZ 1
    • 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19024 W Oregon Avenue Litchfield Park, AZ 2
    • 3 beds 3 baths ∙ 2,561 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,561 Sqft ∙ Built 2017
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 19251 W Pasadena Avenue Litchfield Park, AZ 3
    • 3 beds 3 baths ∙ 2,844 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,844 Sqft ∙ Built 2010
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.77
    •  
  • 19320 W Oregon Avenue Litchfield Park, AZ 4
    • 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2010
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 18607 W Oregon Avenue Litchfield Park, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Clayton Denk
David Weekley Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155037
Last Updated: 11/02/2020
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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