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5127 N 148th Avenue Litchfield Park, AZ 85340

4 Beds 4 Baths 2,855 sqft Built 2016

$634,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $222.38
  • 3 Days on Market
  • MLS # : 6211798
  • Updated Date : 03/27/2021 at 22:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,855 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This single level 4 bed|3.5 bath|3 car garage home with a refreshing pool is located in the highly sought after city of Litchfield Park. The Entertainer's Great room & Gourmet kitchen offers SS appliances, gas cooktop, granite counters & brushed nickel fixtures. There's room for everyone including a private guest suite right off the entry. This lot backs up to well manicured green spaces & parks. You'll fall in love with all upscale amenities in Litchfield Park like golf courses, restaurants, & shops & ''A'' rated schools. With easy access to freeways, & Spring Training venues this one won't last long!

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
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

Millennium High School

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

$571,410$698,390$634,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$2,205
Property Tax -$433
Property Insurance -$83
HOA -$75
Property Management Fees -$99
CASH FLOW
-$695

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.

$634,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.35%

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$1.4M$1.6M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$173,999

INVESTMENT

$173,999

Down Payment
$158,725
Rehab Estimate
$5,750
Closing Costs
$9,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,205

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,725
Loan Amount $476,175
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$847

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,198

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,2004$2,2755$2,350
$2,350
RENT COMPS ANALYSIS
  • 5127 N 148th Avenue Litchfield Park, AZ 3
    • 4 beds 4 baths ∙ 2,855 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,855 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 4359 N 152nd Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2006
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 14717 W Reade Avenue Litchfield Park, AZ 2
    • 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2015
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
  • 4280 N 157th Avenue Goodyear, AZ 4
    • 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.74
    •  
  • 951 W Orchard Lane Litchfield Park, AZ 5
    • 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.80
    •  
PROPERTY LISTING DETAILS
Richelle Stevens
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211798
Last Updated: 03/27/2021
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.

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