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19656 W Montecito Avenue Litchfield Park, AZ 85340

4 Beds 2 Baths 1,860 sqft Built 2020

$369,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $198.87
  • 3 Days on Market
  • MLS # : 6181071
  • Updated Date : 01/15/2021 at 15:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,860 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

This practically BRAND NEW home is in the beautiful master-planned community of Verrado near the White Tank Mountains & Skyline Regional parks. This home is better than BRAND NEW, completed in 8/2020, because you can have a quick close(30 days). This home is a BEAUTY! The kitchen boasts Stainless Steel GE Appliances, Gray cabinetry, Granite, Chevron Design backsplash, pantry & a huge island. The Master Bath has dual sinks, executive height cabinets & a gorgeous tiled walk-in shower. The hall bath is a Jack & Jill w/dual sinks. The home offers a Den/Office & a Tech Center w/built-in cabinets. Gorgeous scraped wood looking tile, ceiling fans, water softener, 9' doors, recessed lighting inside & out, pavered driveway & front walk and sits across from a community park. A DREAM come true!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Buckeye

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k315k

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

Neighborhood: Central Buckeye

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8621813

* 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
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,285
Property Tax -$195
Property Insurance -$63
HOA -$113
Property Management Fees -$99
CASH FLOW
-$126

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.

$369,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 15.4%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$100,024

INVESTMENT

$100,024

Down Payment
$92,475
Rehab Estimate
$2,000
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,7503$1,7954$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 19656 W Montecito Avenue Litchfield Park, AZ 1
    • 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,860 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.88
    •  
  • 19740 W Devonshire Avenue Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 2018
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 19890 W Devonshire Avenue Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2019
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 19862 W Glenrosa Avenue Litchfield Park, AZ 4
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2019
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 19874 W Devonshire Avenue Litchfield Park, AZ 5
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2019
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
PROPERTY LISTING DETAILS
Evie Brown
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181071
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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