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PROPERTY INFO
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!
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PRICE & RENT TRENDS
Neighborhood: Cottages at Rio Paseo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cottages at Rio Paseo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
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.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,494
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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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
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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
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203515
Last Updated: 03/06/2021
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.
