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5318 N Torno Court Litchfield Park, AZ 85340

5 Beds 4 Baths 3,771 sqft Built 2003

INVESTimate

$575,000

List Price

$2,440

$2,196 - $2,684

Rent Est.

$613,698  ( +6.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $152.48
  • 8 Days on Market
  • MLS # : 6119634
  • Updated Date : 08/20/2020 at 16:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,771 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

SINGLE STORY 3 CAR GARAGE POOL Rare find in this gated community. Split floor plan with mother in law suite. Formal living and dining rooms. Plus great room includes media niche and open kitchen with large island, granite counter tops, undermount sink, breakfast bar and dining area, GE Profile microwave, convection double wall oven, tile floors, walk in pantry. Vaulted ceilings. Master bedroom suite with double door entry, separate sitting area, 3 sided gas fireplace, bathroom includes separate tub and shower with mirrored sliding door, huge split walk in closet. Large laundry room with separate storage room. Cabinets in garage. Backyard paradise in this huge lot includes pebble finish pool with waterfall, BBQ island w/ sitting bar, firepit, grass area and covered flagstone

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Veranda East

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k499k

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

Neighborhood: Veranda East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10452276

* 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
Dreaming Summit Elementary School Primary Regular 837 36 7
L. Thomas Heck Middle School Middle Regular 735 34 7
Millennium High School High Regular 2,205 94 4

Dreaming Summit Elementary School

  • Education Level: Primary
  • # of students: 837
  • # of teachers: 36
7
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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

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$15k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,122
Property Tax -$363
Property Insurance -$101
HOA -$128
Property Management Fees -$99
CASH FLOW
-$372

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.

$575,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,035

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,753

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4403$2,5504$2,8505$3,100
$3,100
RENT COMPS ANALYSIS
  • 5318 N Torno Court Litchfield Park, 2
    • 5 beds 4 baths ∙ 3,771 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,771 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.65
    •  
  • 13112 W Rovey Court Litchfield Park, 1
    • 4 beds 3 baths ∙ 3,780 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,780 Sqft ∙ Built 2002
    property image
    LEASED 02/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.61
    •  
  • 13017 W Luchana Drive Litchfield Park, 3
    • 5 beds 4 baths ∙ 3,916 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,916 Sqft ∙ Built 2001
    property image
    LEASED 04/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.65
    •  
  • 13233 W Rhine Lane Litchfield Park, 4
    • 5 beds 4 baths ∙ 3,499 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,499 Sqft ∙ Built 2002
    property image
    LEASED 03/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.81
    •  
  • 14544 W Lajolla Drive Litchfield Park, 5
    • 4 beds 4 baths ∙ 3,664 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,664 Sqft ∙ Built 2009
    property image
    LEASED 05/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.85
    •  
PROPERTY LISTING DETAILS
Joe Bourland
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119634
Last Updated: 08/20/2020
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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