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19410 W Colter Street Litchfield Park, AZ 85340

4 Beds 3 Baths 2,895 sqft Built 2008

$439,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $151.95
  • 3 Days on Market
  • MLS # : 6163252
  • Updated Date : 11/21/2020 at 14:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,895 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

MOVE IN READY Single Level, 4 beds, 3 FULL bath home w/3 car garage (wide) & RV gate. Plus, HUGE lot (13,879sq ft/almost 1/3 Acre!) in the sought after Arroyo Mountain Estates. Original Owners! Recreation Rm (or Formal Living/Dining). Surround Sound pre wire in living rm & speakers in covered patio. Wall Mount Pre-wire in Rec & Family Rm. Water Softener. Reverse Osmosis. OPEN floorplan for the kitchen, dining & family room. Kitchen has corian counters & backsplash, island, gas cooktop, wall mount oven & microwave, & walk-in pantry. Double dr to Master (SPLIT floorplan), private exit to covered patio, full bath w/double vanity, soaking tub, separate shower, & walk-in closet. Front Bed w/attached full bath. Backyard w/covered patio, brick paver patio, & nice lawn area. NEW Hot Water Heater.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Jackrabbit Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k377k

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

Neighborhood: Jackrabbit Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10182066

* 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 Elementary School Primary Regular 897 39 8
Verrado Elementary School Middle Regular 897 39 8
Verrado High School High Regular 1,855 74 4

Verrado Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 39
8
GreatSchools Rating

Verrado Elementary School

  • Education Level: Middle
  • # of students: 897
  • # of teachers: 39
8
GreatSchools Rating

Verrado High School

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

$395,910$483,890$439,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,623
Property Tax -$351
Property Insurance -$84
HOA -$147
Property Management Fees -$99
CASH FLOW
-$263

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$439,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,302

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0403$2,1954$2,2005$2,600
$2,600
RENT COMPS ANALYSIS
  • 19410 W Colter Street Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.70
    •  
  • 19024 W Oregon Avenue Litchfield Park, AZ 1
    • 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
    •  
  • 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
    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
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 19340 W Pasadena Avenue Litchfield Park, AZ 5
    • 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
Katie Remwolt
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163252
Last Updated: 11/21/2020
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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