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13189 W Palm Lane Goodyear, AZ 85395

4 Beds 3 Baths 2,383 sqft Built 1999

$379,900

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $159.42
  • 5 Days on Market
  • MLS # : 6180480
  • Updated Date : 01/14/2021 at 17:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,383 sqft
  • Baths : 3 full
Listing Agent

Canam Realty Group

Listing Agent's Description

Welcome Home!!! This 4 Bedroom 3 bath home at Palm Valley is in a Fantastic location backing up to the Palm Valley Golf Course. This home is close to Restaurants, Shopping, Schools, Palm Valley Park, Golfing, and easy access to the Fwy. This home has a Great Open Floor Plan Concept. With a Large Kitchen including all black appliances, an island that can also be used as a breakfast bar, filtered water, and Lots of Cherry Stained Crown Molding Cabinets. Your Family Room has a Gas Fire Place and Plenty of Natural Light that overlooks the golf course and your Wrap Around Sparkling Pebble Tech Pool with Water Feature . Your Master Suite has direct access to the backyard, along with walk in closet, duel vanity, and separate shower and soaking tub.

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
 

$341,910$417,890$379,900

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,320
Property Tax -$353
Property Insurance -$74
HOA -$1
Property Management Fees -$99
CASH FLOW
$423

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.

$379,900

PROJECTED PRICE

$2,270

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$62,735

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
  • $1,906

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6703$1,6954$1,8955$2,100
$2,100
RENT COMPS ANALYSIS
  • 13189 W Palm Lane Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12741 W Desert Flower Road Avondale, AZ 2
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.75
    •  
  • 12730 W Desert Rose Road Avondale, AZ 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2000
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 12817 W La Reata Avenue Avondale, AZ 4
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1998
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 12422 W Monte Vista Road Avondale, AZ 5
    • 4 beds 2 baths ∙ 2,494 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,494 Sqft ∙ Built 1996
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
PROPERTY LISTING DETAILS
Rick Metcalfe
Canam Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180480
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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