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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $181.93
- 2 Days on Market
- MLS # : 6173231
- Updated Date : 12/19/2020 at 19:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,594 sqft
- Baths : 2 full
Listing Agent
A.z. & Associates
Listing Agent's Description
Fantastic opportunity to move into the desireable Palm Vally community! Closely located to highly sought after schools...this home features great curb appeal, 3 bedrooms, 2 bathrooms, split master floor plan, brand new carpet, vaulted ceilings, eat-in kitchen, stainless steel appliances, and breakfast bar seating. Spacious master retreat includes en suite with dual sinks, soaking tub and separate shower. Step out to your covered back patio and enjoy the beautiful backyard. Perfect for pets and play. HVAC replaced in 2015! Steps to a championship golf course and easy access to dining, shopping, parks, I-10 and so much more. Do not miss out. Schedule your private showing today!
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PRICE & RENT TRENDS
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$243 | |
| Property Insurance | -$58 | |
| HOA | -$1 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$79
|
||
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.
$290,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,600
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
6.58
YEARS SAVED
$26,962
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,546
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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13331 W Windsor Avenue Goodyear, AZ 3
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- 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1998
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,549
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12977 W Verde Lane Avondale, AZ 4
- 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 2002
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,575
- $1.03
-
13121 W Windsor Avenue Goodyear, AZ 5
- 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1997
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,605
- $0.95
PROPERTY LISTING DETAILS
A.z. & Associates
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173231
Last Updated: 12/19/2020
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.
