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13668 W Cypress Street Goodyear, AZ 85395

3 Beds 2 Baths 1,572 sqft Built 2005

$399,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $254.39
  • 3 Days on Market
  • MLS # : 6196495
  • Updated Date : 02/27/2021 at 21:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,572 sqft
  • Baths : 2 full
Listing Agent

Model Perfect Homes

Listing Agent's Description

Waterfront Home Overlooks Lake & Golf Course provides Gorgeous Sunset & Mountain Views. ALL AGES WELCOME (No Age Restriction). Single Level, Premium Upgrades Throughout. Plenty of Countertop & Cabinet Space. Ceramic Tile Floors in ALL the Right Places, Neutral Contemporary Colors Throughout, Ceiling Fans in ALL Rooms. Big Master Bedroom with Retreat. Oversize Garage, 3rd Bay Tandem, Big Enough to park a Motorcycle or Golf Cart. New Paint inside & out. This Beautiful Home is Located in a Gated Golf Course Community. ALL Ages Welcome! Community Pool is Lakeside! BUYER INCENTIVES: Washer, Dryer, Refrigerator, Premium Home Warranty Valued at $535.00 with FULL PRICE OFFER!

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,389
Property Tax -$335
Property Insurance -$58
HOA -$24
Property Management Fees -$99
CASH FLOW
-$345

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.

$399,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.39%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,572

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5603$1,6004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 13668 W Cypress Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.99
    •  
  • 13602 W Desert Flower Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1997
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 1652 N 136th Avenue Goodyear, AZ 3
    • 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 13690 W Cypress Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 13896 W Wilshire Drive Goodyear, AZ 5
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1996
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Rich Giddings
Model Perfect Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196495
Last Updated: 02/27/2021
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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