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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $194.38
- 1 Days on Market
- MLS # : 6197182
- Updated Date : 02/21/2021 at 00:17
CONSTRUCTION
- Beds : 2
- Floor Size : 2,099 sqft
- Baths : 2 full
Listing Agent
Skeens & Jarnagin
Listing Agent's Description
Gated community, with Golf Course Views. Enter this spectacular home through a private gated courtyard. Dramatic circular foyer and then into a spacious open floor plan. Chief's kitchen - stainless steel gas cooktop and double oven. Split master bedroom with 2 walk-in closets, 2 separate vanities, separate tub/shower and a water closet. Guest bedroom and an additional large den (with doors). Pristine would describe the condition of this home. Community Clubhouse, Heated Pool, Tennis Courts.....More features to see, come visit and fall in love!
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PRICE & RENT TRENDS
Neighborhood: Cottages at Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cottages at Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,417 |
| Property Tax | -$342 | |
| Property Insurance | -$68 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$194
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$408,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$113,870
LOAN DETAILS
$1,417
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,000 |
| Loan Amount | $306,000 |
2.92
YEARS SAVED
$9,386
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,903
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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14231 W Harvard Street Goodyear, AZ 1
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LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,750
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14203 W Harvard Street Goodyear, AZ 3
- 2 beds 2 baths ∙ 2,099 Sqft ∙ Built 2011 2 beds 2 baths ∙ 2,099 Sqft ∙ Built 2011
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,795
- $0.86
-
3326 N 150th Drive Goodyear, AZ 4
- 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 1999 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 1999
LEASED 01/27/20- Rent
- Rent Per SQFT
- $2,300
- $0.94
PROPERTY LISTING DETAILS
Skeens & Jarnagin
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197182
Last Updated: 02/21/2021
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.
