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14481 W Lexington Avenue Goodyear, AZ 85395

5 Beds 3 Baths 3,252 sqft Built 2000

$518,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $159.29
  • 6 Days on Market
  • MLS # : 6172109
  • Updated Date : 01/12/2021 at 17:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,252 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Move in ready! This spectacular 3,252 sf., 3 car garage Palm Valley home has it all. The 12.2 KW OWNED solar system defrays your electric bills. The sparkling pool completes your indoor/outdoor living space with community park & no neighbors behind you. Home impeccably well maintained. Renovated kitchen & master suite with huge walk in shower, his/hers closets, double vanity. Home boasts 4 bedrooms+ loft bonus space upstairs. The downstairs office/bedroom has a separate entrance from the single car garage. Perfect for work from home or multi generational set up. There is an additional bath, living & dining area they could make their own. Great room with a cozy fireplace. Great neighborhood & schools. This one checks all the boxes. This one won't last. Schedule your showing today!

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
Litchfield Elementary School Primary Regular 820 37 8
Litchfield Elementary School Middle Regular 820 37 8
Millennium High School High Regular 2,205 94 4

Litchfield Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Litchfield Elementary School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Millennium High School

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

$466,200$569,800$518,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,799
Property Tax -$434
Property Insurance -$91
HOA -$20
Property Management Fees -$99
CASH FLOW
-$62

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.

$518,000

PROJECTED PRICE

$2,380

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,020

INVESTMENT

$143,020

Down Payment
$129,500
Rehab Estimate
$5,750
Closing Costs
$7,770

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,500
Loan Amount $388,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$22,604

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,333

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1503$2,2004$2,3805$2,600
$2,600
RENT COMPS ANALYSIS
  • 14481 W Lexington Avenue Goodyear, AZ 4
    • 5 beds 3 baths ∙ 3,252 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,252 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.73
    •  
  • 2425 N 142nd Avenue Goodyear, AZ 1
    • 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 2
    • 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
    •  
  • 13971 W Woodbridge Avenue Goodyear, AZ 3
    • 4 beds 3 baths ∙ 3,344 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,344 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.66
    •  
  • 14668 W Wilshire Drive Goodyear, AZ 5
    • 4 beds 4 baths ∙ 3,105 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,105 Sqft ∙ Built 2004
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
PROPERTY LISTING DETAILS
Stephanie Hillebrand
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172109
Last Updated: 01/12/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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