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13654 W Cypress Street Goodyear, AZ 85395

3 Beds 2 Baths 1,421 sqft Built 2005

$285,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $200.56
  • 5 Days on Market
  • MLS # : 6159126
  • Updated Date : 11/20/2020 at 10:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,421 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Rarely available, easy to care for 3 bedroom / 2 bath home in gated golf course community of Palmilla at Palm Valley. Upon entry into the community, drive down the tree lined streets until you arrive at this ''just bring your toothbrush'' move-in ready beauty. This open, sun-filled floorplan will capture your heart. Look straight through to your beautifully landscaped backyard that is one of the largest in the area and can accommodate your own private pool. Home has been freshly painted and features garage with epoxy floors, new carpet,18-inch tiles, master bathroom with separate tub / shower, soft water loop, gas stub for range and appliances included. Bring your buyers, this will not last!

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,052
Property Tax -$239
Property Insurance -$55
HOA -$7
Property Management Fees -$99
CASH FLOW
-$91

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.

$285,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.48%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,309

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,481

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,4953$1,5494$1,5755$1,600
$1,600
RENT COMPS ANALYSIS
  • 13654 W Cypress Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.96
    •  
  • 13602 W Desert Flower Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1997
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 13318 W La Reata Avenue Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1998
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.98
    •  
  • 13542 W Cypress Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2005
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.11
    •  
  • 13690 W Cypress Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2005
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
PROPERTY LISTING DETAILS
Dawn Conley
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159126
Last Updated: 11/20/2020
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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