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19731 W Pasadena Avenue Litchfield Park, AZ 85340

4 Beds 3 Baths 2,200 sqft Built 1990

$369,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $168.14
  • 6 Days on Market
  • MLS # : 6155729
  • Updated Date : 11/07/2020 at 17:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Looking or a new place o call home? You've found it! Located in Litchfield Park, this 4 bed, 3 bath property boasts low maintenance landscaping with a 2 car garage plus 2 carport parking spaces and an RV gate. Inside you will find large dining and living areas with vaulted ceilings, a den perfect for an office, and neutral paint throughout. The elegant kitchen offers ample cabinet and counter space with tile backsplash and stainless steel appliances. The stunning master bedroom boasts a full bath with separate tub and shower, as well as a spacious walk-in closet for all your belongings. Also including an expansive backyard with a covered patio, a convenient storage shed/ outbuilding and tons of potential for customizing it any way you can imagine. NO HOA- Horse property - bring your TOYS!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Beautiful Arizona Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k362k

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

Neighborhood: Beautiful Arizona Estates

NeighborhoodNIR 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
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

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,365
Property Tax -$295
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$394

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.

$369,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,422

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,454

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4753$1,6004$1,650
$1,650
RENT COMPS ANALYSIS
  • 19731 W Pasadena Avenue Litchfield Park, AZ 1
    • 4 beds 3 baths ∙ 1,412 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,412 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.01
    •  
  • 21017 W Glen Street Buckeye, AZ 2
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2007
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.96
    •  
  • 21042 W Court Street Buckeye, AZ 3
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2008
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 21051 W Court Street Buckeye, AZ 4
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2006
    property image
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
PROPERTY LISTING DETAILS
Martin C Sears
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155729
Last Updated: 11/07/2020
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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