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15038 W Roma Avenue Goodyear, AZ 85395

4 Beds 2 Baths 2,289 sqft Built 2007

$420,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $183.49
  • 1 Days on Market
  • MLS # : 6201856
  • Updated Date : 03/14/2021 at 01:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,289 sqft
  • Baths : 2 full
Listing Agent

Rattler Realty, Llc

Listing Agent's Description

GREAT LOCATION HOME NEEDS TLC , THIS IS A SPLIT FLOOR PLAN,4BED,2BATH,FORMAL LIVING AND DINING ROOM.BEAUTIFUL UPGRADED KITCHEN DARK CABINETRY WITH GRANITE COUNTER TOPS. GOOD SIZE BACK YARD WITH GRASS.AND 3 CAR GARAGE. CLOSE TO SHOPPING AND RESTAURANTS FREEWAY I10 AND I303, GREAT LOCATION SO HURRY ,THIS ONE MAY NOT LAST LONG.....

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
Millennium High School High Regular 2,205 94 4

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,459
Property Tax -$372
Property Insurance -$72
HOA -$22
Property Management Fees -$99
CASH FLOW
-$104

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.

$420,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$14,398

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
  • $2,072

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9954$2,0955$2,350
$2,350
RENT COMPS ANALYSIS
  • 15038 W Roma Avenue Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,289 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,289 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4565 N 150th Avenue N Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,289 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,289 Sqft ∙ Built 2005
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 15120 W Sells Drive Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2007
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.87
    •  
  • 837 W Village Parkway Litchfield Park, AZ 4
    • 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,181 Sqft ∙ Built 2009
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.96
    •  
  • 14832 W Luna Drive S Litchfield Park, AZ 5
    • 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,392 Sqft ∙ Built 2011
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.98
    •  
PROPERTY LISTING DETAILS
Sylvia Liszka
Rattler Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201856
Last Updated: 03/14/2021
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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