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13570 W Cypress Street Goodyear, AZ 85395

3 Beds 3 Baths 2,064 sqft Built 2005

$290,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $140.50
  • 4 Days on Market
  • MLS # : 6159315
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,064 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Welcome home as you step inside this remarkable two-story property centered in popular Goodyear. Providing gravel front landscaping, paver driveway, and 2 car garage. Impressive interior is complete with 3 bed, 2.5 bath, living/dining area, designer paint, and cozy fireplace ideal for this winter. Practice your cooking skills in this dreamy eat-in kitchen offering everything you need; recessed lighting, granite counter-tops, cabinetry with crown molding, centered island with breakfast bar, pantry, and black matching appliances. Double-door master suite includes a lavish full bath with dual sink, separate tub and newly remodeled step-in shower, and walk-in closet. Perfectly sized backyard with covered patio and lots of privacy is ideal to enjoy your gatherings.Look no more. Call today!

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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,070
Property Tax -$243
Property Insurance -$67
HOA -$7
Property Management Fees -$99
CASH FLOW
$184

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

$1,670

PROJECTED RENT

0.58%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$38,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,677

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5903$1,6704$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 13570 W Cypress Street Goodyear, AZ 3
    • 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.81
    •  
  • 13530 W Cypress Street Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2002
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.73
    •  
  • 13612 W Cypress Street Goodyear, AZ 2
    • 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
    •  
  • 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
Orlando Sagarnaga
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159315
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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