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13149 W Monte Vista Drive Goodyear, AZ 85395

3 Beds 3 Baths 2,275 sqft Built 1994

INVESTimate

$345,900

List Price

$1,490

$1,341 - $1,639

Rent Est.

$363,714  ( +5.15%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $152.04
  • 1 Days on Market
  • MLS # : 6121833
  • Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,275 sqft
  • Baths : 3 full
Listing Agent

Kenneth James Realty

Listing Agent's Description

WOW, this beautiful home features almost 2300sf, 3 Bedrooms, 3 full bathrooms, plus a huge Den with a large home office area, perfect for the Buyer that is working from home. You will love the soaring vaulted ceilings and windows that make this home feel so open and airy. The kitchen has beautiful granite counters and almost new stainless appliances. The Master Bedroom is downstairs and has a tub and separate shower that has just been updated. Next to the den is a full bathroom and huge laundry room with a ton of storage and sink. The den could easily be made into a 4th Bedroom, gym or theater room. The upstairs features 2 bedrooms and a full bathroom. The backyard is truly any entertainer's dream! Enjoy the amazing Arizona fall and winter on the gigantic patio with 12 foot ceilings.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k369k

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

Neighborhood: Palm Valley

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
Palm Valley Elementary School Primary Regular 849 37 9
Palm Valley Elementary School Middle Regular 849 37 9
Millennium High School High Regular 2,205 94 4

Palm Valley Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 37
9
GreatSchools Rating

Palm Valley Elementary School

  • Education Level: Middle
  • # of students: 849
  • # of teachers: 37
9
GreatSchools Rating

Millennium High School

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

$311,310$380,490$345,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,276
Property Tax -$290
Property Insurance -$72
HOA -$14
Property Management Fees -$99
CASH FLOW
-$261

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.

$345,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.15%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,414

INVESTMENT

$97,414

Down Payment
$86,475
Rehab Estimate
$5,750
Closing Costs
$5,189

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,276

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,475
Loan Amount $259,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,621

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,5504$1,5955$1,670
$1,670
RENT COMPS ANALYSIS
  • 13149 W Monte Vista Drive Goodyear, 1
    • 3 beds 3 baths ∙ 2,275 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,275 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.65
    •  
  • 13119 W Sheridan Street Goodyear, 2
    • 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1995
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.70
    •  
  • 12730 W Desert Rose Road Avondale, 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.69
    •  
  • 12826 W Windsor Avenue Avondale, 4
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1998
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 12741 W Desert Flower Road Avondale, 5
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.75
    •  
PROPERTY LISTING DETAILS
Jodi Wilcox
Kenneth James Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121833
Last Updated: 08/26/2020
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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