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19698 W Turney Avenue Litchfield Park, AZ 85340

4 Beds 2 Baths 1,810 sqft Built 2020

$374,999

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $207.18
  • 4 Days on Market
  • MLS # : 6192952
  • Updated Date : 02/11/2021 at 19:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,810 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Single Story Home in the A Rated Litchfield School District & Master Planned Community, Verrado. Built in March 2020, still under Builder Warranty. Corner Lot, North/South Facing with Mountain Views. Beautiful open floor with gorgeous finishes throughout & upgrades. 12' sliding door to a covered 19x19 covered brick paver patio off the living room. Tile Throughout Living areas & Carpet in Bedrooms. Kitchen with 42' cabinets, breakfast bar/island, new stainless steal appliances/gas stove, subway tile backsplash & granite counters. Den/4th Bedroom with French Doors & walk-in closet. Master with walk-in closet, shower & dual vanity sink. Black Out Custom shades. Solar Lease. Near park, 2 Community Pools, Splash Pad, Fitness Center, Sports Courts, 2 Golf Courses, 70+ Parks/ Hiking/Biking Trail

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 Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

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

$337,499$412,499$374,999

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,303
Property Tax -$198
Property Insurance -$62
HOA -$113
Property Management Fees -$99
CASH FLOW
-$185

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.

$374,999

PROJECTED PRICE

$1,590

PROJECTED RENT

0.42%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$101,375

INVESTMENT

$101,375

Down Payment
$93,750
Rehab Estimate
$2,000
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,249
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$8,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,7503$1,7954$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 19698 W Turney Avenue Litchfield Park, AZ 1
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $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
Tiffany Topie
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192952
Last Updated: 02/11/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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