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14870 W Encanto Boulevard #1014 Goodyear, AZ 85395

3 Beds 3 Baths 1,499 sqft Built 2018

$309,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $206.14
  • 3 Days on Market
  • MLS # : 6193479
  • Updated Date : 02/13/2021 at 16:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,499 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

You'll love this end-unit villa in gated Village at Rio Paseo that offers 3 bedrooms & 3 baths in 1499 SqFt. Open great room floor plan with wood-plank tile throughout living areas & baths, carpet in bedrooms. The kitchen features 42'' dark maple cabinetry, Quartz countertops, stainless appliances, range with double oven, island with additional storage, and large pantry which continues into under-stair storage. One bedroom and bath are on the main level. The master bedroom is upstairs and has a walk-in closet and barn door entrance into the en-suite bath with dual sink vanity and oversized shower. The upstairs secondary bedroom also has an en-suite bath. Other features: 2 car attached garage with charging station for electric cars, gated front patio, pigeon spikes, water softener, R/O

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cottages at Rio Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k331k

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

Neighborhood: Cottages at Rio Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $9001646

* 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
 

$278,100$339,900$309,000

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 -$1,073
Property Tax -$276
Property Insurance -$56
HOA -$277
Property Management Fees -$99
CASH FLOW
-$302

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$309,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,073

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$608

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
  • $0.99

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5003$1,5004$1,5505$1,800
$1,800
RENT COMPS ANALYSIS
  • 14870 W Encanto Boulevard #1014 Goodyear, AZ 1
    • 3 beds 3 baths ∙ 1,499 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,499 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.99
    •  
  • 14855 W Ashland Avenue Goodyear, AZ 2
    • 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2006
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.09
    •  
  • 2557 N 149th Avenue Goodyear, AZ 3
    • 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2007
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.09
    •  
  • 15409 W Windward Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2020
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 3310 N 143rd Lane Goodyear, AZ 5
    • 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 2000
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193479
Last Updated: 02/13/2021
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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