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14234 W Harvard Street Goodyear, AZ 85395

3 Beds 2 Baths 2,087 sqft Built 2012

$375,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $179.68
  • 3 Days on Market
  • MLS # : 6184699
  • Updated Date : 01/23/2021 at 23:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,087 sqft
  • Baths : 2 full
Listing Agent

Skeens & Jarnagin

Listing Agent's Description

Great location, Updated home in a gated community surrounded by a golf course. Warm interior palette, upgraded lighting, & shutters. Shows like new! Spacious open floor plan features beautiful wood plank tile floor throughout, breakfast bar, stylish kitchen counters, SS appliances, pantry. Community Heated Pool, Clubhouse, & so much more. Will not disappoint.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cottages at Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k350k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cottages at Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Desert Edge High School High Regular 1,744 80 3

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

Desert Edge High School

  • Education Level: High
  • # of students: 1,744
  • # of teachers: 80
3
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,303
Property Tax -$314
Property Insurance -$68
HOA -$58
Property Management Fees -$99
CASH FLOW
-$72

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.

$375,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,7504$1,7705$2,000
$2,000
RENT COMPS ANALYSIS
  • 14234 W Harvard Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.85
    •  
  • 13766 W Windsor Avenue Goodyear, AZ 1
    • 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1996
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 2463 N 138th Avenue Goodyear, AZ 2
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1996
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.89
    •  
  • 2508 N 138th Avenue Goodyear, AZ 3
    • 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1995
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 14031 W Edgemont Avenue Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 2004
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.93
    •  
PROPERTY LISTING DETAILS
Cynthia Jarnagin
Skeens & Jarnagin
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184699
Last Updated: 01/23/2021
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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