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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $187.08
- 7 Days on Market
- MLS # : 6175893
- Updated Date : 01/09/2021 at 03:12
CONSTRUCTION
- Beds : 3
- Floor Size : 2,400 sqft
- Baths : 2 full
Listing Agent
Hague Partners
Listing Agent's Description
72 HOUR HOME SALE! INQUIRE IMMEDIATELY TO BID! Don't let the age fool you-this home has not only been meticulously maintained it's also in perfect condition. A rare find. In OLD LITCHFIELD PARK! Pull up to one of the largest corner lots in the whole subdivision and be greeted with shade and grass that features plenty of parking on the front and side. Walk into and visualize your family and memories yet to be created in the large sunken great room/formal living room. Large family room connected to the kitchen featuring an eat-in bar connected. From this space go directly out to a fully enclosed patio/Arizona Room. Maintenance and care for a second home forces sale. This home is priced fairly and below comps.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Litchfield Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Litchfield Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,560 |
| Property Tax | -$260 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$58
|
||
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.
$449,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$124,735
LOAN DETAILS
$1,560
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
6.08
YEARS SAVED
$30,919
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
-
$2,208
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
600 E Palm Street Litchfield Park, AZ 1
- 3 beds 2 baths ∙ 2,400 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,400 Sqft ∙ Built 1969
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
201 W Alegre Drive Litchfield Park, AZ 2
- 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1966
![property image]()
LEASED 05/09/20- Rent
- Rent Per SQFT
- $2,100
- $0.88
-
12857 W Pasadena Avenue Litchfield Park, AZ 3
- 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 1974 3 beds 3 baths ∙ 2,480 Sqft ∙ Built 1974
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.89
-
719 E Fairway Drive Litchfield Park, AZ 4
- 3 beds 2 baths ∙ 2,278 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,278 Sqft ∙ Built 1987
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $2,200
- $0.97
-
510 N Redondo Drive Litchfield Park, AZ 5
- 3 beds 2 baths ∙ 2,384 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,384 Sqft ∙ Built 1964
![property image]()
LEASED 12/22/20- Rent
- Rent Per SQFT
- $2,248
- $0.94
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175893
Last Updated: 01/09/2021
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.
