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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $213.88
- 2 Days on Market
- MLS # : 6163331
- Updated Date : 11/20/2020 at 19:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,751 sqft
- Baths : 2 full , 1 half
Listing Agent
Pro-formance Realty Concepts
Listing Agent's Description
Repairs made and priced to sale. The asking price is firm. Horse property with AMAZING VIEWS of the White Tank Mountains. Located in a county island with NO HOA! This 3Bed 2.5Bath is ready for you! Enjoy outdoor living with a back covered patio and spiral staircase leading to rooftop deck, you will never want to leave. Master bedroom has a private entrance, sliding glass doors, double sinks, separate jetted tub, shower and a walk-in closet. Back patio is also accessed through sliding glass doors in the living room and private entrance from the guest room. The 2nd bath is en-suite to the guest room and hallway. This home is perfect for multi-generational families. Granite countertops and 10ft soaring ceilings this property won't last long.
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PRICE & RENT TRENDS
Neighborhood: Beautiful Arizona Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Beautiful Arizona Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$1,382 |
| Property Tax | -$299 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$361
|
||
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.
$374,500
PROJECTED PRICE
$1,480
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$104,993
LOAN DETAILS
$1,382
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,625 |
| Loan Amount | $280,875 |
1.25
YEARS SAVED
$2,362
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,580
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
20123 W Medlock Drive Litchfield Park, AZ 1
- 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,751 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,480
- $0.85
-
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
-
19874 W Devonshire Avenue Litchfield Park, AZ 4
- 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
-
19879 W Devonshire Avenue Litchfield Park, AZ 5
- 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,968 Sqft ∙ Built 2019
LEASED 10/26/19- Rent
- Rent Per SQFT
- $1,895
- $0.96
PROPERTY LISTING DETAILS
Pro-formance Realty Concepts
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163331
Last Updated: 11/20/2020
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.
