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14903 W Ashland Avenue Goodyear, AZ 85395

3 Beds 3 Baths 1,374 sqft Built 2006

$290,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $211.06
  • 2 Days on Market
  • MLS # : 6203515
  • Updated Date : 03/06/2021 at 21:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,374 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Why buy new, when you can save thousands and not have to wait?? While new construction is still going up in the neighborhood, here is your chance to buy the home on the BEST lot in the area. This 3 bedroom, 2.5 bathroom home is centrally located in the heart of the community. Right across the street from the park and just a short distance from the community pool. Inside the home you'll find upgraded cabinets, granite counter tops, beautiful laminate flooring, & so much more. Tons of storage, as each bedroom has a walk-in closet! If you are looking for easy maintenance living...this is it! You will love Rio Paseo with it's green belts, playground areas, pool & sports court! Also just a short distance to Estrella Falls shopping, dining and easy freeway access. Take a look today!

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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,007
Property Tax -$192
Property Insurance -$54
HOA -$122
Property Management Fees -$99
CASH FLOW
$26

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.

$290,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.52%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,194

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
  • $1,494

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,3954$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 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
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14833 W Ashland Avenue Goodyear, AZ 2
    • 3 beds 3 baths ∙ 1,262 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,262 Sqft ∙ Built 2006
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.09
    •  
  • 14949 W Wilshire Drive Goodyear, AZ 3
    • 3 beds 3 baths ∙ 1,289 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,289 Sqft ∙ Built 2006
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.08
    •  
  • 14855 W Ashland Avenue Goodyear, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Tepsy Emeofa
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203515
Last Updated: 03/06/2021
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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