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14768 W Amelia Avenue Goodyear, AZ 85395

3 Beds 2 Baths 1,578 sqft Built 2002

INVESTimate

$295,000

List Price

$1,490

$1,341 - $1,639

Rent Est.

$310,193  ( +5.15%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $186.95
  • 2 Days on Market
  • MLS # : 6119117
  • Updated Date : 08/24/2020 at 18:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,578 sqft
  • Baths : 2 full
Listing Agent

Realty Executives - Wigwam Property Mgmt & Realty

Listing Agent's Description

This spectacular 3 bedroom 2 full bathroom 'pool property' home, located in the popular Litchfield school district and close to Millennium and Western Sky schools, is considered desirable in more than one way . Boasting of a heated hot tub, sparkling pool and resort type back yard is another reason. Let us look at location - Close to I-10, 303 loop and 101 loop, Golf courses, Wigwam Resort, is another reason. Fully owned solar panels in just another. Built in storage cabinets in the garage and low maintenance landscaping yet another. I this hot property market be the early bird and view at your earliest.

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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,088
Property Tax -$287
Property Insurance -$58
HOA -$57
Property Management Fees -$99
CASH FLOW
-$99

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.

$295,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.15%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,495

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4493$1,4994$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 14768 W Amelia Avenue Goodyear, 1
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14588 W Indianola Avenue Goodyear, 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.93
    •  
  • 14476 W Weldon Avenue Goodyear, 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 2002
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.96
    •  
  • 15032 W Glenrosa Avenue Goodyear, 4
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 2011
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 15164 W Glenrosa Avenue Goodyear, 5
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 2009
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
PROPERTY LISTING DETAILS
Janet Allen
Realty Executives - Wigwam Property Mgmt & Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119117
Last Updated: 08/24/2020
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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