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19676 W Glenrosa Avenue Litchfield Park, AZ 85340

4 Beds 3 Baths 2,359 sqft Built 2020

$404,995

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $171.68
  • 7 Days on Market
  • MLS # : 6174847
  • Updated Date : 12/27/2020 at 21:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,359 sqft
  • Baths : 2 full , 1 half
Listing Agent

Richmond American Homes

Listing Agent's Description

Beautiful 2 story Model Home for sale! Seasons at Verrado Pearl Floorplan has the most popular and latest interior color designs. The kitchen has many extras including quartz countertops, top of the line cabinets and complimentary back splash, stainless steel appliances and large pantry! Many extra features included such as a power driveway with staggered title flooring, built ins and gorgeous finished backyard. Move in ready!

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
 

$364,496$445,495$404,995

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,494
Property Tax -$214
Property Insurance -$73
HOA -$116
Property Management Fees -$99
CASH FLOW
$4

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.

$404,995

PROJECTED PRICE

$2,000

PROJECTED RENT

0.49%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,324

INVESTMENT

$109,324

Down Payment
$101,249
Rehab Estimate
$2,000
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,249
Loan Amount $303,746
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$28,488

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
  • $2,141

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8954$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 19676 W Glenrosa Avenue Litchfield Park, AZ 1
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 19862 W Glenrosa Avenue Litchfield Park, AZ 2
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 2019
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 19874 W Devonshire Avenue Litchfield Park, AZ 3
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 2019
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 19750 W Heatherbrae Drive Litchfield Park, AZ 4
    • 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,562 Sqft ∙ Built 2018
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
  • 19852 W Heatherbrae Drive Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2019
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.94
    •  
PROPERTY LISTING DETAILS
Donald Zach
Richmond American Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174847
Last Updated: 12/27/2020
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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