Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5630 N 188th Lane Litchfield Park, AZ 85340

3 Beds 2 Baths 2,200 sqft Built 2017

$498,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $226.77
  • 7 Days on Market
  • MLS # : 6210403
  • Updated Date : 03/28/2021 at 05:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,200 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Meticulously maintained, and ready for new owners! Here's your opportunity to own a highly desirable, single-story home with a POOL, in the up and coming community of Windrose. Built in late 2017, this like-new home features a sparkling pool with stunning mountain views, and a backyard that's perfect for entertaining. The home's open-concept floor plan features a gourmet kitchen with pendant lighting, double ovens, gas range, espresso cabinets, granite countertops and stainless steel appliances. Your main living space also accommodates separate dining and living areas, with beautiful tile floors throughout. Oversized master suite with private sitting room, double sinks in the on-suite bathroom with a walk-in shower. Close access to freeways, shopping/dining, hiking trails, and more!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85340

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Zip Code: 85340

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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 Middle School Middle Regular 1,060 42 8
Verrado High School High Regular 1,855 74 4

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Verrado High School

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

$449,010$548,790$498,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,733
Property Tax -$398
Property Insurance -$70
HOA -$20
Property Management Fees -$99
CASH FLOW
-$520

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.

$498,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,959

INVESTMENT

$137,959

Down Payment
$124,725
Rehab Estimate
$5,750
Closing Costs
$7,484

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,725
Loan Amount $374,175
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,028

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
  • $2,030

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,0254$2,1005$2,495
$2,495
RENT COMPS ANALYSIS
  • 5630 N 188th Lane Litchfield Park, AZ 1
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18479 W College Drive Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 19551 W Valle Vista Way Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 2021
    LEASED 03/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $1.00
    •  
  • 18234 W Montecito Avenue Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2014
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 19617 W Valle Vista Way Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2020
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kari L Nelson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210403
Last Updated: 03/28/2021
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.

BESbswy