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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $199.79
- 2 Days on Market
- MLS # : 6170689
- Updated Date : 12/12/2020 at 14:58
CONSTRUCTION
- Beds : 2
- Floor Size : 1,897 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Marvelous opportunity to own this golf course home located on the 9th hole of the Wigwam Red course. The warm and inviting interior is laid out efficiently with 2 beds/2bath and a spacious den/office. The gas fireplace in the living room is perfect for these chilly winter nights and sun-screens help to keep the summer heat out without obstructing the gorgeous view. The kitchen offers SS appliances, quartz countertops, farm sink, breakfast bar and upgraded cabinets with soft close drawers and pull out shelving. The large master retreat has a private exit and a barn door that leads to a gorgeous master bath, with dual sinks, soaking tub, large shower, and walk-in closet. Home includes water softener and R/O unit, along with all appliances.
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PRICE & RENT TRENDS
Neighborhood: Litchfield Greens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Litchfield Greens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,398 |
| Property Tax | -$234 | |
| Property Insurance | -$64 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$10
|
||
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.
$379,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.4% |
| 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
$106,185
LOAN DETAILS
$1,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $94,750 |
| Loan Amount | $284,250 |
5.5
YEARS SAVED
$26,690
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
-
$1,846
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
4522 N Bent Tree Circle W Litchfield Park, AZ 1
- 2 beds 2 baths ∙ 1,897 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,897 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $0
- $0.00
-
15202 W Vale Drive Goodyear, AZ 2
- 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,600
- $0.98
-
270 W Tainter Drive Litchfield Park, AZ 3
- 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1978
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.96
-
3048 N 152nd Drive Goodyear, AZ 4
- 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170689
Last Updated: 12/12/2020
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.
