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

5788 N Kristi Lane Litchfield Park, AZ 85340

5 Beds 3 Baths 3,222 sqft Built 2004

$414,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $128.77
  • 3 Days on Market
  • MLS # : 6157388
  • Updated Date : 11/07/2020 at 10:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,222 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

WOW! This 5 bed and 3 bath home is waiting for you in Litchfield Park! This home is gorgeous with a grand entrance w/ portico. The inside is amazing when you see the lovely travertine flooring and lush carpet. Step in to a great living room with built in wall storage. An enclosed den w/ french doors might be just what you need for office w/ tons of natural light. The guest bathroom has a walk-in tile shower that is sure to impress. How could we not mention the great kitchen with light wood cabinets and beautiful granite countertops? A walk-in pantry and open great room complete downstairs. The master bedroom suite features HUGE walk-in closet and large bathtub, a walk in shower and double sinks w/ vanity. All secondary bedrooms have large walk in closets and great space. Amazing backyard!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wigwam Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $97k315k

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

Neighborhood: Wigwam Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8581813

* 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
L. Thomas Heck Middle School Primary Regular 735 34 7
L. Thomas Heck Middle School Middle Regular 735 34 7
Millennium High School High Regular 2,205 94 4

L. Thomas Heck Middle School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

L. Thomas Heck Middle School

  • Education Level: Middle
  • # of students: 735
  • # of teachers: 34
7
GreatSchools Rating

Millennium High School

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

$373,410$456,390$414,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,531
Property Tax -$262
Property Insurance -$90
HOA -$6
Property Management Fees -$99
CASH FLOW
-$47

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.

$414,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,699

INVESTMENT

$115,699

Down Payment
$103,725
Rehab Estimate
$5,750
Closing Costs
$6,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,725
Loan Amount $311,175
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$26,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,041

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9403$2,0954$2,200
$2,200
RENT COMPS ANALYSIS
  • 5788 N Kristi Lane Litchfield Park, AZ 2
    • 5 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.60
    •  
  • 12650 W Marshall Avenue Litchfield Park, AZ 1
    • 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2002
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.57
    •  
  • 12534 W Solano Drive Litchfield Park, AZ 3
    • 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 4
    • 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
    •  
PROPERTY LISTING DETAILS
Shannon Cunningham
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157388
Last Updated: 11/07/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy