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14317 W Roanoke Avenue Goodyear, AZ 85395

4 Beds 4 Baths 3,089 sqft Built 2004

$565,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $182.91
  • 5 Days on Market
  • MLS # : 6186189
  • Updated Date : 01/27/2021 at 20:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,089 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful curb appeal with side vehicle entry to the 3 car oversized garage & RV gates. Formal living & dining. Beautiful hardwood floors in all the right place and new carpet in 3 bedrooms.Bonus room/home office space. Spacious open floor plan has amazing tiled floors. The eat-in kitchen has a plethora of custom cabinets, granite counters, stone tiled backsplash,gas cooktop, wall mount oven & microwave, island with breakfast bar, and a walk-in pantry. Interior laundry. Generous sized bedrooms have plush carpeting & ceiling fans. Powder room off the main living area. The beautiful primary bedroom has a private entrance, sitting area, full bath, and large walk-in closet. The entertainer's backyard has a pebble tec pool, covered patio, built-in BBQ & bar top, firepit/conversation area.

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
Desert Edge High School High Regular 1,744 80 3

Desert Edge High School

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

$508,500$621,500$565,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,962
Property Tax -$473
Property Insurance -$87
HOA -$66
Property Management Fees -$99
CASH FLOW
-$529

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.

$565,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.38%

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$1.2M$1.4M$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,893

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,185

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,1504$2,1605$2,385
$2,385
RENT COMPS ANALYSIS
  • 14317 W Roanoke Avenue Goodyear, AZ 4
    • 4 beds 4 baths ∙ 3,089 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,089 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.70
    •  
  • 14533 W Verde Lane Goodyear, AZ 1
    • 5 beds 3 baths ∙ 2,906 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,906 Sqft ∙ Built 2000
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.69
    •  
  • 2425 N 142nd Avenue Goodyear, AZ 2
    • 4 beds 3 baths ∙ 3,065 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,065 Sqft ∙ Built 2006
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.67
    •  
  • 2449 N 142nd Avenue Goodyear, AZ 3
    • 4 beds 3 baths ∙ 3,065 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,065 Sqft ∙ Built 2007
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.70
    •  
  • 13633 W Alvarado Drive Goodyear, AZ 5
    • 5 beds 3 baths ∙ 3,117 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,117 Sqft ∙ Built 2001
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,385
    • $0.77
    •  
PROPERTY LISTING DETAILS
Lisa Hulbert-herland
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186189
Last Updated: 01/27/2021
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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