Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4718 N Brookview Terrace Litchfield Park, AZ 85340

3 Beds 2 Baths 2,051 sqft Built 1988

$429,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $209.17
  • 3 Days on Market
  • MLS # : 6199653
  • Updated Date : 02/27/2021 at 00:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,051 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Unique home located in beautiful gated Litchfield Greens boasts wood ceilings, updated bathrooms & storage galore. 3 Bedrms & 2 Baths can accommodate many more for holidays or get togethers with a bonus room that would comfortably sleep 4. Everyone loves a fireplace & this home has 2! One gas burning & one wood burning. Either is welcome on a cool desert evening. Sit on the spacious patio & listen to the fountain located in the secluded backyard. It's a nice change to walk on green grass when harvesting grapefruit & oranges. Wooden doors throughout the home conceal closets & linen cabinets. Additional store room measures 9x12' & a full walkin pantry off the kitchen that is 5x9 with solid surface shelves. The roof was just resurfaced Feb 2021. Well insulated home with low utility costs!

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
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,490
Property Tax -$248
Property Insurance -$67
HOA -$50
Property Management Fees -$99
CASH FLOW
-$484

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.

$429,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.34%

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

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$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,6253$1,7504$1,7505$2,000
$2,000
RENT COMPS ANALYSIS
  • 4718 N Brookview Terrace Litchfield Park, AZ 1
    • 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.72
    •  
  • 14178 W Fairmount Avenue Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.78
    •  
  • 5521 N Castano Drive Litchfield Park, AZ 3
    • 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2002
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 5513 N Castano Drive Litchfield Park, AZ 4
    • 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2003
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 13627 W Marshall Avenue Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,235 Sqft ∙ Built 2002
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
PROPERTY LISTING DETAILS
Phyllis Giordano
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199653
Last Updated: 02/27/2021
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.

BESbswy