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5405 N Valisa Court Litchfield Park, AZ 85340

3 Beds 3 Baths 2,505 sqft Built 2013

INVESTimate

$425,000

List Price

$1,820

$1,638 - $2,002

Rent Est.

$449,140  ( +5.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $169.66
  • 5 Days on Market
  • MLS # : 6111818
  • Updated Date : 08/21/2020 at 22:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,505 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Gorgeous highly upgraded home located on quiet cul-de-sac. Open concept floor plan & split 3 bed/2.5 bath layout. Kitchen boasts breakfast island, 5 burner gas cook top, wall oven, ss appliances, walk-in pantry, granite counters, full tile backsplash & R/O system. Den has beautiful herringbone plank tile, all bedrooms have walk-in closets, Kinetico water system is owned & new main A/C (2019) is dual zone. Garage is 3-car tandem with plenty of storage & built-in cabinets.Fabulous landscaped backyard w/oasis pool & waterfall feature. Expanded patio area with travertine tile, gas fireplace and TV for your outdoor living & entertaining. Home is move-in ready, come see the many additional upgrades this home offers. Call for your private showing today!

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 Elementary School Primary Regular 897 39 8
Verrado Elementary School Middle Regular 897 39 8
Verrado High School High Regular 1,855 74 4

Verrado Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 39
8
GreatSchools Rating

Verrado Elementary School

  • Education Level: Middle
  • # of students: 897
  • # of teachers: 39
8
GreatSchools Rating

Verrado High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,638$2,002$1,820

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,568
Property Tax -$339
Property Insurance -$76
HOA -$147
Property Management Fees -$99
CASH FLOW
-$409

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.

$425,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,512

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,042

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,820
1$1,8202$2,0003$2,2004$2,2005$2,495
$2,495
RENT COMPS ANALYSIS
  • 5405 N Valisa Court Litchfield Park, 1
    • 3 beds 3 baths ∙ 2,505 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,505 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.73
    •  
  • 19024 W Oregon Avenue Litchfield Park, 2
    • 3 beds 3 baths ∙ 2,561 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,561 Sqft ∙ Built 2017
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 19320 W Oregon Avenue Litchfield Park, 3
    • 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, 4
    • 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
    •  
  • 19251 W Pasadena Avenue Litchfield Park, 5
    • 3 beds 3 baths ∙ 2,844 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,844 Sqft ∙ Built 2010
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.88
    •  
PROPERTY LISTING DETAILS
Susan Burkhardt
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6111818
Last Updated: 08/21/2020
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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