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14639 W Columbus Avenue Goodyear, AZ 85338

3 Beds 3 Baths 2,813 sqft Built 2001

$493,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $175.26
  • 4 Days on Market
  • MLS # : 6173293
  • Updated Date : 01/09/2021 at 17:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,813 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Dual 2-car garages!!! Oversize diving pool!!! Remodeled kitchen!!! Newer HVAC!!! Same Owners since 2001!!! The sellers have meticulously maintained this home as well as included improvements such top-of-the-line shutters throughout, added built in cabinets & epoxied the garage floors, just added new carpet, added a built in bar, upgraded slider glass windows, added a fire brick pizza oven, added pavers throughout the backyard, created a low maintenance front yard, and the list goes on!!! This is the house you have been searching for!!!

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
 

$443,700$542,300$493,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,712
Property Tax -$413
Property Insurance -$82
HOA -$57
Property Management Fees -$99
CASH FLOW
-$163

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.

$493,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.45%

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$136,395

INVESTMENT

$136,395

Down Payment
$123,250
Rehab Estimate
$5,750
Closing Costs
$7,395

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,250
Loan Amount $369,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$14,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8953$2,0004$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 14639 W Columbus Avenue Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,813 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,813 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 3133 N 145th Lane Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2000
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.71
    •  
  • 14641 W Clarendon Avenue Goodyear, AZ 2
    • 4 beds 4 baths ∙ 2,906 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,906 Sqft ∙ Built 2002
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.65
    •  
  • 4359 N 152nd Drive Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2006
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 951 W Orchard Lane Litchfield Park, AZ 5
    • 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.80
    •  
PROPERTY LISTING DETAILS
William Clark Hoppel
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173293
Last Updated: 01/09/2021
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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