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5422 N Rattler Way Litchfield Park, AZ 85340

3 Beds 2 Baths 1,862 sqft Built 2002

$330,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $177.23
  • 2 Days on Market
  • MLS # : 6168276
  • Updated Date : 12/05/2020 at 17:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,862 sqft
  • Baths : 2 full
Listing Agent

Hunt Real Estate Era

Listing Agent's Description

This amazing home has great curb appeal and is ready for you to make it your own. Single storyopen floor plan, 3 bedroom, 2 bath with separate living room and family room. Island kitchen, inside laundry room and 2 car garage. Covered back patio with doors to the family room and the master. Easy to care for desert landscape front and rear. Please provide proof of funds or loan approval with all offers. Buyer to verify any/all material matters.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wigwam Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $97k315k

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

Neighborhood: Wigwam Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8581813

* 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
L. Thomas Heck Middle School Primary Regular 735 34 7
L. Thomas Heck Middle School Middle Regular 735 34 7
Millennium High School High Regular 2,205 94 4

L. Thomas Heck Middle School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 34
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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,218
Property Tax -$208
Property Insurance -$63
HOA -$52
Property Management Fees -$99
CASH FLOW
-$330

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.

$330,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,181

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,480

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,3102$1,3953$1,4504$1,5505$1,695
$1,695
RENT COMPS ANALYSIS
  • 5422 N Rattler Way Litchfield Park, AZ 1
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.70
    •  
  • 5325 N 124th Avenue Litchfield Park, AZ 2
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2005
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 5431 N Ormondo Way Litchfield Park, AZ 3
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2002
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 12409 W Missouri Avenue Litchfield Park, AZ 4
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2004
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 12425 W Vermont Avenue Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2004
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
PROPERTY LISTING DETAILS
Irvin Ainslie
Hunt Real Estate Era
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168276
Last Updated: 12/05/2020
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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