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14380 W Almeria Road Goodyear, AZ 85395

4 Beds 3 Baths 2,798 sqft Built 2011

$459,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $164.37
  • 3 Days on Market
  • MLS # : 6184196
  • Updated Date : 01/23/2021 at 23:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,798 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Spectacular home in Cortile gated community. Professional Desert landscaping, beautiful gourmet Kitchen with large granite counter top island, stainless steel appliances, 3 car garage, this home has it all with solar water heater system to extend the swimming season. (Shasta pool w/pop up cleaning system) main floor bedroom and full bath, with 3/bedrooms 2/bath + loft upstairs. Gas utilities if you prefer. Cat 5 coax cable pre-wire, Perfect location, walking distance to Lifetime Fitness, minutes away from I-10 & Loop 303.Above ground heated spa in great condition ready to use.3 minute walk to Playground.

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
 

$413,910$505,890$459,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,597
Property Tax -$385
Property Insurance -$82
HOA -$77
Property Management Fees -$99
CASH FLOW
$20

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.

$459,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 2.4%
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$20k

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$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$27,371

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
  • $2,525

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,4004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 14380 W Almeria Road Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14527 W Sheridan Street Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2003
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 2716 N 143rd Drive Goodyear, AZ 3
    • 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
    •  
  • 14452 W Wilshire Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2003
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 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
Griselda Tapia Rojas
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184196
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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