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4922 N Greentree Drive W Litchfield Park, AZ 85340

3 Beds 4 Baths 4,104 sqft Built 2000

$899,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $219.05
  • 3 Days on Market
  • MLS # : 6206105
  • Updated Date : 03/12/2021 at 03:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 4,104 sqft
  • Baths : 3 full , 1 half
Listing Agent

Iannelli And Associates

Listing Agent's Description

Exceptional custom home on a corner lot in the highly sought after neighborhood of Litchfield Greens! This beautiful high end split level 3/3.5 home with gorgeous hardwood floors, massive vaulted ceilings with grand entry circular staircase and private wine cellar is located in the guard gated community of Litchfield Greens and the Wigwam Resort Red Golf Course. Freshly painted exterior welcomes you in and creates the best curb appeal on the block. The split floor plan offers a nice separation of bedrooms from one side of the home to the other. The beautiful floor plan offers perfect size gourmet kitchen, with granite countertops, center Island, high end appliances, wood cabinets and walk-in panty. A grand master suite has a bright, yet private view through the windows and French door.

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
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$3,123
Property Tax -$520
Property Insurance -$107
HOA -$45
Property Management Fees -$99
CASH FLOW
-$1,144

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.

$899,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.31%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,514

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5003$2,6004$2,6005$2,750
$2,750
RENT COMPS ANALYSIS
  • 4922 N Greentree Drive W Litchfield Park, AZ 5
    • 3 beds 4 baths ∙ 4,104 Sqft ∙ Built 2000 3 beds 4 baths ∙ 4,104 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.67
    •  
  • 15043 W Pierson Street Goodyear, AZ 1
    • 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2007
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.53
    •  
  • 15305 W Roma Avenue Goodyear, AZ 2
    • 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 2007
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.65
    •  
  • 975 W Orchard Lane Litchfield Park, AZ 3
    • 3 beds 3 baths ∙ 4,092 Sqft ∙ Built 2005 3 beds 3 baths ∙ 4,092 Sqft ∙ Built 2005
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.64
    •  
  • 4714 N 151st Drive Goodyear, AZ 4
    • 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.63
    •  
PROPERTY LISTING DETAILS
Beata Souckova
Iannelli And Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206105
Last Updated: 03/12/2021
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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