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19013 W Oregon Avenue Litchfield Park, AZ 85340

3 Beds 3 Baths 2,306 sqft Built 2018

$399,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2018
  • Price/Sqft : $173.42
  • 11 Days on Market
  • MLS # : 6151475
  • Updated Date : 10/26/2020 at 12:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,306 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Wow!! Gorgeous 3 Bedroom home with a spacious open concept floor plan. This home boasts high end finishes from wall to wall. Complete with soaring ceilings, a stylish modern kitchen with quartz countertops, tile back-splash, staggered cabinets, and a spacious walk-in pantry. Step in to the cozy master retreat complete with a modern bathroom finished with his & her sinks, A garden tub, his & her walk-in closets, and a beautiful tiled stand-up shower. The backyard has a covered patio and so much room to build your very own oasis. Book your private showing today!!

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,475
Property Tax -$319
Property Insurance -$72
HOA -$60
Property Management Fees -$99
CASH FLOW
-$366

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.

$399,900

PROJECTED PRICE

$1,660

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) 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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,721

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,920

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,9953$2,0004$2,1405$2,395
$2,395
RENT COMPS ANALYSIS
  • 19013 W Oregon Avenue Litchfield Park, AZ 1
    • 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.72
    •  
  • 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
    •  
  • 19024 W Oregon Avenue Litchfield Park, AZ 3
    • 3 beds 3 baths ∙ 2,561 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,561 Sqft ∙ Built 2017
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 18339 W Bethany Home Road Litchfield Park, AZ 4
    • 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
    •  
  • 18370 W Coolidge Street Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2019
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.90
    •  
PROPERTY LISTING DETAILS
Emiliano Mendoza
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151475
Last Updated: 10/26/2020
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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