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612 N La Loma Avenue Litchfield Park, AZ 85340

3 Beds 3 Baths 2,245 sqft Built 1985

$530,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $236.08
  • 5 Days on Market
  • MLS # : 6175613
  • Updated Date : 12/30/2020 at 22:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,245 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Incredible home nestled in the heart of Litchfield Park. 3 bed 2.5 bath property with top-rated schools, 5-star Wigwam Resort, three championship golf courses, community rec center, community library, tasty restaurants, and much more in this desirable community. Incredible curb appeal with gorgeous desert landscaping, citrus trees, double gate & 2.5 car workshop garage. Cozy & warm interior offers an amazing great room with fireplace, beamed ceiling, & tons of natural light. Kitchen features tons of counter space & wet bar connected to the living room. Generously proportioned master suite with real wood burning fireplace, private exit, walk-in closet, & full master bath. Expansive backyard w/extended covered patio, sparkling fenced pool, & so much room to play or customize it.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Litchfield Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k371k

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

Neighborhood: Litchfield Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Litchfield Elementary School Primary Regular 820 37 8
Litchfield Elementary School Middle Regular 820 37 8
Millennium High School High Regular 2,205 94 4

Litchfield Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Litchfield Elementary School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Millennium High School

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

$477,000$583,000$530,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,955
Property Tax -$319
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$594

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.

$530,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,785

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7504$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 612 N La Loma Avenue Litchfield Park, AZ 4
    • 3 beds 3 baths ∙ 2,245 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,245 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
  • 14271 W Clarendon Avenue Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2000
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 14283 W Indianola Avenue Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 5513 N Castano Drive Litchfield Park, AZ 3
    • 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,205 Sqft ∙ Built 2003
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 14131 W Greenview Circle S Litchfield Park, AZ 5
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1994
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
PROPERTY LISTING DETAILS
Christopher Bole
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175613
Last Updated: 12/30/2020
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.

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