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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$143,020
LOAN DETAILS
$1,799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $129,500 |
| Loan Amount | $388,500 |
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
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14481 W Lexington Avenue Goodyear, AZ 4
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- Rent
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2425 N 142nd Avenue Goodyear, AZ 1
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- $2,050
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LEASED 07/31/20- Rent
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- $2,150
- $0.70
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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
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14668 W Wilshire Drive Goodyear, AZ 5
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LEASED 08/17/20- Rent
- Rent Per SQFT
- $2,600
- $0.84
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172109
Last Updated: 01/12/2021
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.
