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13270 W Palm Lane Goodyear, AZ 85395

3 Beds 2 Baths 2,078 sqft Built 1997

$374,888

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $180.41
  • 3 Days on Market
  • MLS # : 6159914
  • Updated Date : 11/13/2020 at 22:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,078 sqft
  • Baths : 2 full
Listing Agent

Libertas Real Estate

Listing Agent's Description

AMAZING! This 3 bed, 2 bath split floor plan Golden Heritage home in Palm Valley has come to market! Step into this beauty with hardwood floors and tile. The family room is spacious and perfect to entertain guests or catch a movie on your own! The kitchen is a wonder with quartz counter tops and SS appliances. You'll even get to enjoy a walk-in pantry! And if you need more space, the laundry room is extra space with lots of cabinets. The master bedroom is fit for royalty with a ton of space and a walk-in closet. Access to the backyard from the room is also a plus! The Master bathroom has duel sinks and a garden tub and walk-in shower. The private backyard has plenty of room to run and play or just relax in the sun. The owner has spared no expense with an upgraded Rain Soft water softener

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
 

$337,399$412,377$374,888

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,383
Property Tax -$314
Property Insurance -$68
HOA -$1
Property Management Fees -$99
CASH FLOW
-$265

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.

$374,888

PROJECTED PRICE

$1,600

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,095

INVESTMENT

$105,095

Down Payment
$93,722
Rehab Estimate
$5,750
Closing Costs
$5,623

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,722
Loan Amount $281,166
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$5,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6003$1,7004$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 13270 W Palm Lane Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 13202 W Alvarado Circle Goodyear, AZ 1
    • 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 1994
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.75
    •  
  • 2237 N 135th Drive Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 13215 W Alvarado Circle Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,068 Sqft ∙ Built 1994
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 2033 N 135th Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 2003
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
PROPERTY LISTING DETAILS
Brianne Martinez-stearns
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159914
Last Updated: 11/13/2020
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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