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14664 W Harvard Street Goodyear, AZ 85395

4 Beds 3 Baths 2,813 sqft Built 2004

$569,900

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $202.60
  • 4 Days on Market
  • MLS # : 6198562
  • Updated Date : 02/28/2021 at 00:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,813 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful, customized home on a cul de sac with a huge lot in the Luxurious Palm Valley area. Gourmet remodeled kitchen with 2 pantries! Split 4 bedroom floor plan, a large game room, separate office, Huge extended covered patio that is set up for the grill master in you. Resort style backyard with approximately 1400' of artificial turf that's green year round, beautiful pool with gazebo on slab that has wiring for hot tub, storage sheds, and fruit trees.

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
Desert Edge High School High Regular 1,744 80 3

Desert Edge High School

  • Education Level: High
  • # of students: 1,744
  • # of teachers: 80
3
GreatSchools Rating
 

$512,910$626,890$569,900

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,979
Property Tax -$478
Property Insurance -$82
HOA -$30
Property Management Fees -$99
CASH FLOW
-$388

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.

$569,900

PROJECTED PRICE

$2,280

PROJECTED RENT

0.40%

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-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,774

INVESTMENT

$156,774

Down Payment
$142,475
Rehab Estimate
$5,750
Closing Costs
$8,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,979

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,475
Loan Amount $427,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,211

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,490

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,280
1$2,2802$2,4003$2,4004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 14664 W Harvard Street Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.81
    •  
  • 14527 W Sheridan Street Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2003
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 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
    •  
  • 14361 W Alvarado Drive Goodyear, AZ 4
    • 5 beds 4 baths ∙ 2,805 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,805 Sqft ∙ Built 2005
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 14452 W Wilshire Drive Goodyear, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Steven Bauman
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198562
Last Updated: 02/28/2021
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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