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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $166.42
- 2 Days on Market
- MLS # : 6173095
- Updated Date : 12/18/2020 at 23:10
CONSTRUCTION
- Beds : 3
- Floor Size : 2,704 sqft
- Baths : 3 full , 1 half
Listing Agent
Cactus Mountain Properties, Llc
Listing Agent's Description
Must see this beautiful open floor plan home Lots of options in this single level Three spacious bedrooms, three full bathrooms, a powder bath, a teen room and a Study. Formal dining room for entertaining plus a multi-slide door to your covered patio. Open concept kitchen, nook and great room. Contemporary finishes include painted linen cabinetry, quartz countertops with subway tile back splash. Gourmet appliances include gas cook top, built-in oven and stylish range hood. Make your appointment to see this home today!
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PRICE & RENT TRENDS
Zip Code: 85340
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85340
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$359 | |
| Property Insurance | -$80 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$62
|
||
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.
$450,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
5.83
YEARS SAVED
$35,239
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,129
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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5325 N 190th Drive Litchfield Park, AZ 1
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19024 W Oregon Avenue Litchfield Park, AZ 2
- 3 beds 3 baths ∙ 2,561 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,561 Sqft ∙ Built 2017
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LEASED 12/01/19- Rent
- Rent Per SQFT
- $2,000
- $0.78
-
19251 W Pasadena Avenue Litchfield Park, AZ 3
- 3 beds 3 baths ∙ 2,844 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,844 Sqft ∙ Built 2010
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LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,195
- $0.77
-
19320 W Oregon Avenue Litchfield Park, AZ 4
- 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2010
![property image]()
LEASED 04/21/20- Rent
- Rent Per SQFT
- $2,200
- $0.78
-
18607 W Oregon Avenue Litchfield Park, AZ 5
- 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2013
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $2,200
- $0.82
PROPERTY LISTING DETAILS
Cactus Mountain Properties, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173095
Last Updated: 12/18/2020
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.
