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116 E La Pasada Boulevard Goodyear, AZ 85338

3 Beds 2 Baths 937 sqft Built 1955

$215,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $229.46
  • 3 Days on Market
  • MLS # : 6184502
  • Updated Date : 01/22/2021 at 21:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 937 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Nicely updated 1950's bungalow has 3 bed, 2 baths and no HOA! Fresh exterior/interior paint. Luxury vinyl floors in the family room and hallway. The eat-in kitchen has tile floors, shaker cabinets, new counters, microwave & range. The bedrooms have plush new carpet & ceiling fans. Updated bathrooms. The block fenced backyard is ready for you to create your own oasis! Close to schools, shopping, and the I-10. This is a perfect starter or investment home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Goodyear Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300kPrice in $78k302k

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

Neighborhood: Goodyear Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7971646

* 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
Elseo C. Flix School Primary Regular 493 22 2
Elseo C. Flix School Middle Regular 493 22 2
Agua Fria High School High Regular 1,725 92 4

Elseo C. Flix School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 22
2
GreatSchools Rating

Elseo C. Flix School

  • Education Level: Middle
  • # of students: 493
  • # of teachers: 22
2
GreatSchools Rating

Agua Fria High School

  • Education Level: High
  • # of students: 1,725
  • # of teachers: 92
4
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$747
Property Tax -$139
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
$149

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.

$215,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$26,794

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
  • $1,106

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2153$1,2994$1,470
$1,470
RENT COMPS ANALYSIS
  • 116 E La Pasada Boulevard Goodyear, AZ 1
    • 3 beds 2 baths ∙ 937 Sqft ∙ Built 1955 3 beds 2 baths ∙ 937 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 315 W Lawrence Boulevard Avondale, AZ 2
    • 3 beds 2 baths ∙ 1,074 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,074 Sqft ∙ Built 1960
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,215
    • $1.13
    •  
  • 137 E La Cienega Avenue Goodyear, AZ 3
    • 3 beds 1 baths ∙ 1,049 Sqft ∙ Built 1942 3 beds 1 baths ∙ 1,049 Sqft ∙ Built 1942
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.24
    •  
  • 827 N Litchfield Road Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,253 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,253 Sqft ∙ Built 1955
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.17
    •  
PROPERTY LISTING DETAILS
Lisa N Lanham
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184502
Last Updated: 01/22/2021
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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