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14315 W Coronado Road Goodyear, AZ 85395

4 Beds 4 Baths 3,848 sqft Built 2007

INVESTimate

$559,999

List Price

$2,340

$2,106 - $2,574

Rent Est.

$573,607  ( +2.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $145.53
  • 5 Days on Market
  • MLS # : 6119954
  • Updated Date : 08/25/2020 at 13:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,848 sqft
  • Baths : 3 full , 1 half
Listing Agent

Mco Realty

Listing Agent's Description

This gorgeous Tuscan style home is located in the coveted Cortile Palm Valley gated community. This home will not cease to impress you with over $200K in upgrades from its stone finishes to the cozy cobblestone courtyard. Upon entering the home you are greeted with a chef quality dream kitchen with premier appliances installed in 2019, custom cabinetry and beautiful kitchen island. Perfect place for guests to gather when you are entertaining. Doesn't everyone want to hang in the kitchen with the cook? Master Retreat is downstairs with spa-like amenities. Upstairs is spacious loft that opens to a oversized work space(work from home) with 3 additional bedrooms and 2 full sized baths.Backyard gazebo, poolside grotto and built-in grill and fridge.Misting system for extra outdoor comfort.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelot at Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $109k449k

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

Neighborhood: Camelot at Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10182076

* 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
 

$503,999$615,999$559,999

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,066
Property Tax -$469
Property Insurance -$102
HOA -$198
Property Management Fees -$99
CASH FLOW
-$594

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.

$559,999

PROJECTED PRICE

$2,340

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 2.43%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $419,999
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,702

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,578

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,4004$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 14315 W Coronado Road Goodyear, 1
    • 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14983 W Windward Avenue Goodyear, 2
    • 5 beds 4 baths ∙ 3,707 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,707 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.65
    •  
  • 2739 N 144th Drive Goodyear, 3
    • 4 beds 4 baths ∙ 3,615 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,615 Sqft ∙ Built 2004
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.66
    •  
  • 975 W Orchard Lane Litchfield Park, 4
    • 3 beds 3 baths ∙ 4,092 Sqft ∙ Built 2005 3 beds 3 baths ∙ 4,092 Sqft ∙ Built 2005
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.64
    •  
  • 15066 W Roanoke Avenue Goodyear, 5
    • 4 beds 4 baths ∙ 3,844 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,844 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.73
    •  
PROPERTY LISTING DETAILS
Cheryl Miller-kelley
Mco Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119954
Last Updated: 08/25/2020
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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