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5510 N 132nd Drive Litchfield Park, AZ 85340

5 Beds 4 Baths 4,595 sqft Built 2003

$685,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $149.08
  • 3 Days on Market
  • MLS # : 6209617
  • Updated Date : 03/21/2021 at 05:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,595 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Staying @ home will be a pleasure when you own this popular Hancock floor plan! Built w/ too many upgrades to list, you'll love the impressive formal living room w/ sloping high ceiling. Kitchen boasts custom cabinetry, gas cooktop & double ovens. Home equipped with intercom system & built-in speakers. Big family room w/wet bar & French doors leading to expansive covered patio & huge backyard! One first floor bedroom w/ensuite & 3 large bedrooms on 2nd floor. Big Bonus room w/slider to walk-out deck overlooking expansive lot. Oversized Master suite w/ double closets, each w/custom organizing. Double-sided fireplace creates a spa-like oasis @ Master bath. Separate walk-out slider @ master overlooking Custom pool w/raised spa & grotto. Less than 30 mins to downtown. Welcome home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dreaming Summit

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Dreaming Summit

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10361981

* 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
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

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,379
Property Tax -$433
Property Insurance -$117
HOA -$175
Property Management Fees -$99
CASH FLOW
-$582

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.

$685,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,703

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,925

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,8004$3,300
$3,300
RENT COMPS ANALYSIS
  • 5510 N 132nd Drive Litchfield Park, AZ 1
    • 5 beds 4 baths ∙ 4,595 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,595 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13314 W Solano Drive Litchfield Park, AZ 2
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2002
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.54
    •  
  • 13607 W Reade Avenue Litchfield Park, AZ 3
    • 5 beds 5 baths ∙ 4,457 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,457 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.63
    •  
  • 5815 N 133rd Avenue Litchfield Park, AZ 4
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2002
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.74
    •  
PROPERTY LISTING DETAILS
Tracy Duncan
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209617
Last Updated: 03/21/2021
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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