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14445 W Lexington Avenue Goodyear, AZ 85395

4 Beds 3 Baths 2,680 sqft Built 2001

$489,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $182.80
  • 2 Days on Market
  • MLS # : 6197242
  • Updated Date : 03/06/2021 at 18:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,680 sqft
  • Baths : 3 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Lager single story with solar and a private pool. Excellent community, conveniently located near golf, parks, schools, shopping, restaurants and freeways. Impressive inside and out, this gem features great curb appeal and a 3 car garage, followed by a spacious open floor plan with tasteful finishes from wall to wall. Owners suite includes a walk in closet, dual vanities and a separate soaking tub and shower. You will love the incredible outdoor entertaining space. Resort inspired backyard is complete with a covered patio, a built in bbq, a firepit and a sparkling pool and spa with rock waterfall feature. This gem has it all. Don't miss it.

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
Millennium High School High Regular 2,205 94 4

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$440,910$538,890$489,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,702
Property Tax -$410
Property Insurance -$79
HOA -$20
Property Management Fees -$99
CASH FLOW
-$80

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.

$489,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,964

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,459

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,230
1$2,2302$2,2953$2,4004$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 14445 W Lexington Avenue Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.83
    •  
  • 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
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.91
    •  
  • 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
    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
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 14817 W Hillside Street Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Mario Bravo
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197242
Last Updated: 03/06/2021
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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