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14735 W Cheery Lynn Drive Goodyear, AZ 85395

2 Beds 2 Baths 1,445 sqft Built 1999

$299,500

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $207.27
  • 3 Days on Market
  • MLS # : 6184560
  • Updated Date : 01/23/2021 at 18:58
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,445 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautifully maintained great room floor plan with vaulted ceilings, fireplace & an abundance of windows. You will love outdoor entertaining on this well landscaped fenced lot with ext'd patio, spa (refurbished) & southern exposure. Kool decking refreshed on front walkway & back patio. Spacious kitchen, refreshed oak cabinets, island/breakfast bar; refrigerator, washer/dryer incl. Master bedroom suite has walk-in closet, patio access, & bath with double sinks, large shower. Den/home office/3rd bdrm with doors, guest bdrm & full bath complete this efficient floor plan. This is the perfect plan for FT living or winter residence and one of the BEST values in PebbleCreek!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pebblecreek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k405k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Pebblecreek

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
Scott L. Libby Elementary School Primary Regular 744 33 8
Scott L. Libby Elementary School Middle Regular 744 33 8
Millennium High School High Regular 2,205 94 4

Scott L. Libby Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Scott L. Libby Elementary School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Millennium High School

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

$269,550$329,450$299,500

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,040
Property Tax -$291
Property Insurance -$55
HOA -$38
Property Management Fees -$99
CASH FLOW
-$44

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.

$299,500

PROJECTED PRICE

$1,480

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,118

INVESTMENT

$85,118

Down Payment
$74,875
Rehab Estimate
$5,750
Closing Costs
$4,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,040

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,875
Loan Amount $224,625
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,528

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3993$1,4004$1,4805$1,500
$1,500
RENT COMPS ANALYSIS
  • 14735 W Cheery Lynn Drive Goodyear, AZ 4
    • 2 beds 2 baths ∙ 1,445 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,445 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.02
    •  
  • 2986 N 147th Drive Goodyear, AZ 1
    • 2 beds 2 baths ∙ 1,269 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,269 Sqft ∙ Built 2000
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.08
    •  
  • 14870 W Encanto Boulevard #2066 Goodyear, AZ 2
    • 2 beds 2 baths ∙ 1,329 Sqft ∙ Built 2019 2 beds 2 baths ∙ 1,329 Sqft ∙ Built 2019
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.05
    •  
  • 3329 N 142nd Drive Goodyear, AZ 3
    • 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2002
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 14870 W Encanto Boulevard #2027 Goodyear, AZ 5
    • 2 beds 2 baths ∙ 1,329 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,329 Sqft ∙ Built 2018
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Karen Reuland
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184560
Last Updated: 01/23/2021
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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