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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $197.96
- 2 Days on Market
- MLS # : 6173157
- Updated Date : 12/19/2020 at 11:59
CONSTRUCTION
- Beds : 3
- Floor Size : 2,652 sqft
- Baths : 2 full , 1 half
Listing Agent
Libertas Real Estate
Listing Agent's Description
This stunning single level home is perfect from the moment you walk through the private gated courtyard. The large foyer welcomes you into the perfectly planned and spacious layout. The open, bright, and inviting great room boasts 13 ft ceilings and a wall to wall triple slider that overlooks the resort style yard featuring a magnificent saltwater pool and fountains. The upscale kitchen offers a huge island, built-in stainless- steel appliances, gas cooktop, backsplash, and walk in pantry. The spacious master bedroom has a large walk in closet, dual sinks, and soaking tub. Throughout this fabulous split floor plan you'll find tile in all of the right places, large base boards, and two-toned neutral paint.
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PRICE & RENT TRENDS
Neighborhood: North Goodyear
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Goodyear
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$358 | |
| Property Insurance | -$79 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$208
|
||
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.
$525,000
PROJECTED PRICE
$2,340
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.5% |
| 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
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
3.42
YEARS SAVED
$17,843
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,340
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,122
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
14576 W Orange Drive Litchfield Park, AZ 4
- 3 beds 3 baths ∙ 2,652 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,652 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,340
- $0.88
-
15161 W Campbell Avenue Goodyear, AZ 1
- 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 2006
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,795
- $0.74
-
4484 N 151st Drive Goodyear, AZ 2
- 3 beds 2 baths ∙ 2,411 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,411 Sqft ∙ Built 2007
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,800
- $0.75
-
14717 W Reade Avenue Litchfield Park, AZ 3
- 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2015
LEASED 04/24/20- Rent
- Rent Per SQFT
- $2,150
- $0.82
-
14589 W Medlock Drive Litchfield Park, AZ 5
- 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2014
LEASED 07/15/19- Rent
- Rent Per SQFT
- $2,595
- $0.89
PROPERTY LISTING DETAILS
Libertas Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173157
Last Updated: 12/19/2020
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.
