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14870 W Encanto Boulevard #1113 Goodyear, AZ 85395

3 Beds 3 Baths 1,497 sqft Built 2019

$265,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $177.02
  • 1 Days on Market
  • MLS # : 6185141
  • Updated Date : 01/24/2021 at 01:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,497 sqft
  • Baths : 3 full
Listing Agent

Libertas Real Estate

Listing Agent's Description

This meticulously kept, two-story townhouse in popular Goodyear is a dream come true. The house provides a front patio where you can enjoy relaxing afternoons. Step inside this fantastic, open concept interior complete with everything you have been looking for. Starting with so much natural light ideal for interior plants, 3 bed, 3 bath, beautiful wood-like tile, carpet in all the right places, and neutral color palette throughout the entire place. This remarkable eat-in kitchen is a cook's delight with granite counter-tops, centered island, cabinetry with crown molding, recessed lighting, walk-in pantry, and high-end appliances. The main bedroom gives you a generous walk-in closet and a lavish en-suite with his & her sinks. All centered on a wonderful community. Hurry! Start calling now!

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
Palm Valley Elementary School Primary Regular 849 37 9
Palm Valley Elementary School Middle Regular 849 37 9
Desert Edge High School High Regular 1,744 80 3

Palm Valley Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 37
9
GreatSchools Rating

Palm Valley Elementary School

  • Education Level: Middle
  • # of students: 849
  • # of teachers: 37
9
GreatSchools Rating

Desert Edge High School

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

$238,500$291,500$265,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$920
Property Tax -$276
Property Insurance -$56
HOA -$277
Property Management Fees -$99
CASH FLOW
-$59

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.

$265,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.59%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,637

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,564

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5003$1,5004$1,5505$1,570
$1,570
RENT COMPS ANALYSIS
  • 14870 W Encanto Boulevard #1113 Goodyear, AZ 5
    • 3 beds 3 baths ∙ 1,497 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,497 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.05
    •  
  • 14903 W Ashland Avenue Goodyear, AZ 1
    • 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.02
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Twila Lukavich
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185141
Last Updated: 01/24/2021
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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