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14391 W Desert Flower Drive Goodyear, AZ 85395

3 Beds 2 Baths 1,980 sqft Built 2013

$335,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $169.19
  • 2 Days on Market
  • MLS # : 6193911
  • Updated Date : 02/13/2021 at 21:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,980 sqft
  • Baths : 2 full
Listing Agent

Gerson Realty Co.

Listing Agent's Description

Gated Community! Gorgeous 3 bed + den 2 bath home in gated community. Built in 2013 this home has a brick paver driveway, front porch area, side entry garage and professionally landscaped. High ceilings, granite counters, ceiling fans and dark mohagony custom cabinetry, carpet and tile throughout. Fresh paint and New carpeting throughout. Brick pavers in professionally landscaped backyard and covered patio ready for new family. The community has a park for kids, pool and clubhouse.

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
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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,164
Property Tax -$299
Property Insurance -$66
HOA -$65
Property Management Fees -$99
CASH FLOW
$38

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.

$335,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$21,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,881

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7303$1,7504$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 14391 W Desert Flower Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.87
    •  
  • 2463 N 138th Avenue Goodyear, AZ 1
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1996
    property image
    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
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 13590 W Desert Flower Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,829 Sqft ∙ Built 1998
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 14479 W Desert Flower Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2013
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
PROPERTY LISTING DETAILS
Keenan Freeman
Gerson Realty Co.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193911
Last Updated: 02/13/2021
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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