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5404 N Valisa Court Litchfield Park, AZ 85340

4 Beds 3 Baths 2,505 sqft Built 2013

$449,900

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $179.60
  • 3 Days on Market
  • MLS # : 6202030
  • Updated Date : 03/06/2021 at 17:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,505 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Northeast Realty

Listing Agent's Description

Great location with a great SPLIT floor plan. Nearly everything has been updated including pavers and synthetic turf in back. Lot it as at the end of a cul de sac.. New appliances including microwave/oven combo and 36'gas cooktop. This place is move-in ready and will go fast. Needs Nothing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Jackrabbit Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k377k

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

Neighborhood: Jackrabbit Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10182066

* 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
Verrado Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,563
Property Tax -$359
Property Insurance -$76
HOA -$147
Property Management Fees -$99
CASH FLOW
-$153

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$449,900

PROJECTED PRICE

$2,090

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$13,269

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,223

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0903$2,2004$2,3005$2,495
$2,495
RENT COMPS ANALYSIS
  • 5404 N Valisa Court Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.83
    •  
  • 18479 W College Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 18607 W Oregon Avenue Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2013
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 5534 N 188th Lane Litchfield Park, AZ 4
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2019
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
  • 19617 W Valle Vista Way Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2020
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.99
    •  
PROPERTY LISTING DETAILS
Chad Englehart
Keller Williams Northeast Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202030
Last Updated: 03/06/2021
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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