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5122 N 146th Drive Litchfield Park, AZ 85340

4 Beds 3 Baths 2,868 sqft Built 2015

$484,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $169.07
  • 3 Days on Market
  • MLS # : 6157182
  • Updated Date : 11/06/2020 at 17:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,868 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome to your marvelous home located in Litchfield Park! Spacious 4 BR, 3 bath home boasting a spacious Gourmet kitchen outfitted with island for prep, butlers pantry and breakfast bar, custom cabinets and stainless steal appliances. Freshly painted interior with new carpets. Private yard boasting RV gate and 4 car garage w/extended driveway for additional parking. Open floor plan with plenty of room to breathe, play & grow. Enchanting master suite including a full bath with a separate tub/shower combo, double sinks, and walk-in closet. Awesome backyard is perfect for gatherings with its artificial turf. This home is equipped w/Solar saving you $$ in utility costs. Solar lease to transfer at close of escrow. CALL for your private showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k373k

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

Neighborhood: North Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452177

* 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
Mabel Padgett Elementary School Primary Regular 868 38 8
L. Thomas Heck Middle School Middle Regular 735 34 7
Millennium High School High Regular 2,205 94 4

Mabel Padgett Elementary School

  • Education Level: Primary
  • # of students: 868
  • # of teachers: 38
8
GreatSchools Rating

L. Thomas Heck Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

Millennium High School

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

$436,410$533,390$484,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,789
Property Tax -$341
Property Insurance -$83
HOA -$75
Property Management Fees -$99
CASH FLOW
-$447

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.

$484,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,249

INVESTMENT

$134,249

Down Payment
$121,225
Rehab Estimate
$5,750
Closing Costs
$7,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,225
Loan Amount $363,675
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,260

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,936

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9253$1,9404$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 5122 N 146th Drive Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.68
    •  
  • 4299 N 153rd Lane N Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 2005
    property image
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.70
    •  
  • 4791 N 150th Avenue Goodyear, AZ 2
    • 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2006
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.63
    •  
  • 15046 W Coolidge Street Goodyear, AZ 4
    • 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2007
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.65
    •  
  • 4359 N 152nd Drive Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2006
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
PROPERTY LISTING DETAILS
Leonard Clementi
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157182
Last Updated: 11/06/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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