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485 E Campina Drive Litchfield Park, AZ 85340

3 Beds 2 Baths 2,507 sqft Built 1977

$619,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $246.91
  • 4 Days on Market
  • MLS # : 6189778
  • Updated Date : 02/04/2021 at 18:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,507 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Located in the Desirable area of Litchfield Park! Beautiful well maintained home. 3 bedrms 2 full baths, sunken formal living rm, beautiful dining area, den/office plus very spacious kitchen & family room combo. Lots of natural light. Plenty of counterspace in the kitchen with granite countertops, custom back splash, additional eating area, stainless steel appliances, plenty of beautiful cabinets & picture window to the backyard. Master bedroom has separate bedroom exit to back yard, large walk in closet with built ins, double sinks & large walk in shower. Spacious other bedrooms & full guest bath. Laundry room has built in cabinets & plenty of room for a sink or extra refrigerator. Backyard offers a relaxing swimming pool, large patio area & mature landscaping. Lots of area amenities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Litchfield Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k371k

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

Neighborhood: Litchfield Park

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
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
 

$557,100$680,900$619,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$2,150
Property Tax -$353
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$698

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.

$619,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,150

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$867

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
  • $2,219

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,1004$2,2485$2,450
$2,450
RENT COMPS ANALYSIS
  • 485 E Campina Drive Litchfield Park, AZ 1
    • 3 beds 2 baths ∙ 2,507 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,507 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14131 W Greenview Circle S Litchfield Park, AZ 2
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1994
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 201 W Alegre Drive Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1966
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 510 N Redondo Drive Litchfield Park, AZ 4
    • 3 beds 2 baths ∙ 2,384 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,384 Sqft ∙ Built 1964
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,248
    • $0.94
    •  
  • 185 E Cercado Lane Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 1974
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $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 #: 6189778
Last Updated: 02/04/2021
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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