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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $151.80
- 2 Days on Market
- MLS # : 6174102
- Updated Date : 12/26/2020 at 22:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,635 sqft
- Baths : 3 full
Listing Agent
Mojica & Associates Real Estate
Listing Agent's Description
Fantastic opportunity to own this 4bed/3bath Goodyear home close to highly rated schools, a championship golf course, spring training MLB games, shopping, dining, & more. This gem features great curb appeal leading into the light and bright interior with wood flooring, modern fireplace in living and a spacious fluid floor plan. Eat in kitchen boasts stainless steel appliances, unique counter tops, a plethora of warm wood cabinetry and a center island with breakfast bar seating. Upstairs you will find a large loft, full of possibilities. Gorgeous master with doors to balcony and private en suite. Amazing outdoor entertaining space is complete with covered patio and sparking pool. One of two of the AC units is newer, a new water heater and new carpet throughout. Do not miss out! See it today
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PRICE & RENT TRENDS
Neighborhood: Wigwam
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wigwam
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$286 | |
| Property Insurance | -$79 | |
| HOA | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$137
|
||
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.
$400,000
PROJECTED PRICE
$2,120
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
7.17
YEARS SAVED
$40,540
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,325
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
14335 W Clarendon Avenue Goodyear, AZ 1
- 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $2,120
- $0.80
-
14454 W Verde Lane W Goodyear, AZ 2
- 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1999
![property image]()
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,295
- $0.91
-
951 W Orchard Lane Litchfield Park, AZ 3
- 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005
![property image]()
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,350
- $0.80
-
2716 N 143rd Drive Goodyear, AZ 4
- 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2005
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,400
- $0.89
-
14598 W Windsor Avenue Goodyear, AZ 5
- 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2002
![property image]()
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,500
- $0.93
PROPERTY LISTING DETAILS
Mojica & Associates Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174102
Last Updated: 12/26/2020
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.
