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4706 N Brookview Terrace Litchfield Park, AZ 85340

3 Beds 2 Baths 2,009 sqft Built 1987

$420,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $209.06
  • 2 Days on Market
  • MLS # : 6188917
  • Updated Date : 02/06/2021 at 16:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,009 sqft
  • Baths : 2 full
Listing Agent

Phoenix Property Group

Listing Agent's Description

Beautiful 3 bed, 2 bath home located in Litchfield Greens. Home is nestled in guard-gated golf community. Stainless steel appliance in crispy white kitchen with stunning granite countertops. Family room features a fireplace. Kitchen and living room offer a lovely view of the backyard oasis featuring a private pool and sitting area. Pool has new pebble tech pool surface and salt system added. Also home has a brand new HVAC unit. Do not miss out on this home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Litchfield Greens

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $122k426k

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

Neighborhood: Litchfield Greens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10452004

* 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
Millennium High School High Regular 2,205 94 4

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,459
Property Tax -$243
Property Insurance -$66
HOA -$50
Property Management Fees -$99
CASH FLOW
-$67

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.

$420,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,768

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6503$1,8004$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 4706 N Brookview Terrace Litchfield Park, AZ 4
    • 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 14178 W Fairmount Avenue Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.78
    •  
  • 121 S Esperanza Drive Litchfield Park, AZ 2
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1978
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 743 W Village Parkway Litchfield Park, AZ 3
    • 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2007
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 14131 W Greenview Circle S Litchfield Park, AZ 5
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1994
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
PROPERTY LISTING DETAILS
Brandon Edwards
Phoenix Property Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188917
Last Updated: 02/06/2021
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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