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13541 W Holly Street Goodyear, AZ 85395

3 Beds 2 Baths 2,113 sqft Built 2000

$480,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $227.17
  • 5 Days on Market
  • MLS # : 6188952
  • Updated Date : 02/07/2021 at 03:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,113 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

PRIVATE POOL - on the GOLF Course - close to restaurants, shopping, schools, Palm Valley Park, golf and easy access to the freeway. Wonderful open floor plan, great room and Large chef's custom kitchen with casual dining nook overlook the pool and golf course. The tropical covered patio has a wood fireplace, wrap around pool, water feature and barbeque. The ensuite master bedroom has access to the patio. The master bath has a soaking tub and separate shower. The other two bedrooms are spacious. The den/office is perfect for a home office or media room. The garage has extra built in cabinets. Furnishings are available in a seperate package. Solar Lease,

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
Millennium High School High Regular 2,205 94 4

Millennium High School

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

$432,000$528,000$480,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,667
Property Tax -$402
Property Insurance -$68
HOA -$1
Property Management Fees -$99
CASH FLOW
-$498

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.

$480,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.36%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,749

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,5953$1,7404$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 13541 W Holly Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.82
    •  
  • 13612 W Cypress Street Goodyear, AZ 1
    • 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.77
    •  
  • 2241 N 135th Drive Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2005
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 13565 W Cypress Street Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2002
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 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
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mary Ann Evans, Pllc
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188952
Last Updated: 02/07/2021
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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