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

5938 N 125th Avenue Litchfield Park, AZ 85340

4 Beds 2 Baths 2,472 sqft Built 2003

$420,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $169.90
  • 3 Days on Market
  • MLS # : 6159887
  • Updated Date : 11/13/2020 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,472 sqft
  • Baths : 2 full
Listing Agent

Paladin Realty, Llc

Listing Agent's Description

Beautifully maintained and ready to move-in single family home ** CORNER LOT on just shy of 1/3 acre ** Spacious open floor plan with inviting master suite with walk-in closet and master bath accessing covered patio ** Gorgeous dining room and great room with vaulted ceilings ** This great entertainment home offers so much with an oversized kitchen, center island and walk-in pantry and much more ** Excellent location close to schools, shopping, restaurants, sporting events and freeways.

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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,550
Property Tax -$265
Property Insurance -$75
HOA -$104
Property Management Fees -$99
CASH FLOW
-$453

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.

$420,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.39%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,636

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,730

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5453$1,5804$1,6405$1,875
$1,875
RENT COMPS ANALYSIS
  • 5938 N 125th Avenue Litchfield Park, AZ 4
    • 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.66
    •  
  • 12604 W Orange Drive Litchfield Park, AZ 1
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.68
    •  
  • 12435 W El Nido Lane Litchfield Park, AZ 2
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2004
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.69
    •  
  • 12615 W Windsor Boulevard Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2003
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.71
    •  
  • 13425 W Keim Drive Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.72
    •  
PROPERTY LISTING DETAILS
Theresa Carol Laursen
Paladin Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159887
Last Updated: 11/13/2020
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