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6026 N 124th Drive Litchfield Park, AZ 85340

4 Beds 3 Baths 2,984 sqft Built 2004

$515,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
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.

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
Barbara B. Robey Elementary School Primary Regular 793 37 6
Millennium High School High Regular 2,205 94 4

Barbara B. Robey Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 37
6
GreatSchools Rating

Millennium High School

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

$463,500$566,500$515,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

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

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

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.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,633

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,4754$2,5955$3,200
$3,200
RENT COMPS ANALYSIS
  • 6026 N 124th Drive Litchfield Park, AZ 1
    • 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4333 N 125th Avenue Litchfield Park, AZ 2
    • 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,659 Sqft ∙ Built 2002
    property image
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 12816 W Vista Paseo Drive Litchfield Park, AZ 3
    • 5 beds 3 baths ∙ 3,114 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,114 Sqft ∙ Built 2002
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.79
    •  
  • 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
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.96
    •  
  • 12534 W Solano Drive Litchfield Park, AZ 5
    • 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 2003
    property image
    LEASED 06/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lisa K O'connell
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263765
Last Updated: 07/13/2021
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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