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5514 N 131st Drive Litchfield Park, AZ 85340

5 Beds 4 Baths 4,464 sqft Built 2003

$684,900

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $153.43
  • 4 Days on Market
  • MLS # : 6199073
  • Updated Date : 02/25/2021 at 20:43
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,464 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful 5bed 4bath home w/Huge lot in desirable gated community of Dreaming Summit *Travertine tile inside and out throughout entire back yard front porch sidewalks *Stucco on all block walls w/accent veneer wall* 3 car garage w/epoxy floor *Alarm system w/cameras, motion, glass break, window & door sensors* RV gate w/paved driveway *Eat-in kitchen, island breakfast bar, & tons of cabinet space. Backyard Oasis is Summer Ready! Extended covered patio w/built-in BBQ, sparkling swimming pool w/color light plenty of space to play. Irrigation system w/Mature grape fruit, lemon, & tangerine trees. Due to landscaping design it is low maintenance.

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
 

$616,410$753,390$684,900

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,379
Property Tax -$432
Property Insurance -$114
HOA -$168
Property Management Fees -$99
CASH FLOW
-$632

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.

$684,900

PROJECTED PRICE

$2,560

PROJECTED RENT

0.37%

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

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$187,249

INVESTMENT

$187,249

Down Payment
$171,225
Rehab Estimate
$5,750
Closing Costs
$10,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% 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 $171,225
Loan Amount $513,675
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,525

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
  • $2,931

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,8004$3,300
$3,300
RENT COMPS ANALYSIS
  • 5514 N 131st Drive Litchfield Park, AZ 1
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12932 W Sierra Vista Drive Glendale, AZ 2
    • 5 beds 3 baths ∙ 4,156 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,156 Sqft ∙ Built 2006
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.60
    •  
  • 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
    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
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.74
    •  
PROPERTY LISTING DETAILS
Adolfo Alvarez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199073
Last Updated: 02/25/2021
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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