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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $172.59
- 1 Days on Market
- MLS # : 6263765
- Updated Date : 07/13/2021 at 18:06
CONSTRUCTION
- Beds : 4
- Floor Size : 2,984 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
SENSATIONALLY SPACIOUS-this immaculate Wigwam Creek North home offers 4 bedrooms + bonus room, & 2.5 baths. The floor plan features formal living & dining, family room with 2-story ceilings and a huge upstairs loft. A beautifully appointed kitchen offers an abundance of cabinetry, granite countertops, large pantry, island with breakfast bar, & casual dining area. A French door leads out to the covered patio & massive backyard! You'll love the fenced in diving pool (with brand new variable speed pump) with attached spa. Upstairs you will find 3 generously sized bedrooms & a huge primary suite, private bathroom with dual sink vanity, separate tub & shower & walk-in closet. Homes in this desirable location are flying off the shelf so come and see this one for yourself before it's gone.
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PRICE & RENT TRENDS
Neighborhood: Wigwam Creek North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wigwam Creek North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,370 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$325 | |
| Property Insurance | -$85 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$20
|
||
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.
$515,000
PROJECTED PRICE
$2,370
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$142,225
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $128,750 |
| Loan Amount | $386,250 |
5.58
YEARS SAVED
$32,351
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,633
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/08/21- Rent
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- $2,100
- $0.79
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LEASED 07/14/20- Rent
- Rent Per SQFT
- $2,475
- $0.79
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12923 W Marlette Avenue Litchfield Park, AZ 4
- 3 beds 3 baths ∙ 2,712 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,712 Sqft ∙ Built 2019
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LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,595
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![property image]()
LEASED 06/01/21- Rent
- Rent Per SQFT
- $3,200
- $0.99
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263765
Last Updated: 07/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
