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5621 N Rattler Way 
Litchfield Park, AZ
85340
5 Beds 3 Baths 3,222 sqft
Built 2005
INVESTimate
$398,000
List Price
$111,220
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $123.53
- 1 Days on Market
- MLS # : 6118990
- Updated Date : 08/25/2020 at 18:44
CONSTRUCTION
- Beds : 5
- Floor Size : 3,222 sqft
- Baths : 3 full
Listing Agent
Hague Partners
Listing Agent's Description
72 Hour Home Sale! A lush tropical oasis will be your first impression of this substantial family home. A covered front patio greets you, it is easy to envision the ways in which you could use the space. Having friends and family over or having your morning coffee while reading a good book. Once inside it is obvious that every thought was put into the design of the home. An open concept, the masterful design of the kitchen steals the show. Beautiful cabinetry complimented with granite countertops. A chic glass backsplash and stainless steel appliances give the kitchen a perfectly polished look. Seamless oversized tiles provide a cohesive look to the whole home while being low maintenance. Every detail was carefully selected and quality crafted.
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PRICE & RENT TRENDS
Neighborhood: Wigwam Creek North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wigwam Creek North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,468 |
| Property Tax | -$251 | |
| Property Insurance | -$90 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$129
|
||
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.
$398,000
PROJECTED PRICE
$2,090
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.07% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,220
LOAN DETAILS
$1,468
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,500 |
| Loan Amount | $298,500 |
7.33
YEARS SAVED
$42,451
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 -
$0.65
LIST RENT PER SQFT
-
$2,231
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
5621 N Rattler Way Litchfield Park, 1
- 5 beds 3 baths ∙ 3,222 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,222 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $2,090
- $0.65
-
12534 W Solano Drive Litchfield Park, 2
- 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2003
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,095
- $0.65
-
13318 W San Miguel Avenue Litchfield Park, 3
- 4 beds 3 baths ∙ 3,365 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,365 Sqft ∙ Built 2003
![property image]()
LEASED 03/18/19- Rent
- Rent Per SQFT
- $2,200
- $0.65
-
12645 W Marshall Avenue Litchfield Park, 4
- 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004
![property image]()
LEASED 06/25/20- Rent
- Rent Per SQFT
- $2,200
- $0.68
-
12816 W Vista Paseo Drive Litchfield Park, 5
- 5 beds 3 baths ∙ 3,114 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,114 Sqft ∙ Built 2002
![property image]()
LEASED 07/14/20- Rent
- Rent Per SQFT
- $2,475
- $0.79
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6118990
Last Updated: 08/25/2020
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.
