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PROPERTY INFO
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.
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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 | $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
| 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
$146,200
LOAN DETAILS
$1,955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,500 |
| Loan Amount | $397,500 |
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
-
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
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175613
Last Updated: 12/30/2020
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.
