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5643 N 133rd Avenue Litchfield Park, AZ 85340

5 Beds 4 Baths 3,180 sqft Built 2003

$529,500

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $166.51
  • 2 Days on Market
  • MLS # : 6206789
  • Updated Date : 03/13/2021 at 15:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,180 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Outstanding property in Litchfield Park is a dream come true! This home is impeccable! With an exquisite curb appeal, a convenient 3 car garage, and beautiful landscaping this home will amaze you! Inside you will find spacious living areas, a fireplace, flooring that fits your taste, and a kitchen completed with everything you need to let your inner chef shine. The master bedroom has an immaculate ensuite with large double sinks, a step-in shower, a soaking tub, and a walk-in closet. The stunning backyard is an entertainer's dream with a cozy covered patio, outdoor kitchen, grassy/gravel landscaping, and heated pool & spa ready for the Arizona summer. Don't let this amazing deal pass by!

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
 

$476,550$582,450$529,500

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,839
Property Tax -$334
Property Insurance -$89
HOA -$163
Property Management Fees -$99
CASH FLOW
-$265

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.

$529,500

PROJECTED PRICE

$2,260

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,068

INVESTMENT

$146,068

Down Payment
$132,375
Rehab Estimate
$5,750
Closing Costs
$7,943

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,839

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,375
Loan Amount $397,125
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,361

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2003$2,2604$2,4755$2,500
$2,500
RENT COMPS ANALYSIS
  • 5643 N 133rd Avenue Litchfield Park, AZ 3
    • 5 beds 4 baths ∙ 3,180 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,180 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.71
    •  
  • 12534 W Solano Drive Litchfield Park, AZ 1
    • 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2003
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.65
    •  
  • 12645 W Marshall Avenue Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.68
    •  
  • 12816 W Vista Paseo Drive Litchfield Park, AZ 4
    • 5 beds 3 baths ∙ 3,114 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,114 Sqft ∙ Built 2002
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.79
    •  
  • 5922 N 129th Drive Litchfield Park, AZ 5
    • 4 beds 4 baths ∙ 2,926 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,926 Sqft ∙ Built 1996
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Mike Gwinn
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206789
Last Updated: 03/13/2021
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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