Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

15159 W Polk Street Goodyear, AZ 85338

4 Beds 3 Baths 2,030 sqft Built 2001

$344,200

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $169.56
  • 1 Days on Market
  • MLS # : 6188039
  • Updated Date : 01/31/2021 at 04:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,030 sqft
  • Baths : 3 full
Listing Agent

Zillow Homes Inc

Listing Agent's Description

You will want to call this idyllic 2 story, 4 bedroom, 3 bathroom home in Goodyear, AZ your own. A turfed landscape trims the front corridor guiding you through the high archway to the entrance of this home. You'll enjoy the caramel-hued cabinetry, contemporary overhead lighting, and a handy island in the kitchen. Take the staircase up to the generous corner loft and to the bedrooms. Vaulted ceilings grace the spacious primary bedroom, and a glass door points the way to the wide private balcony. Double sinks, a sizeable walk-in closet, separate shower, and deep tub make up the primary en suite bathroom. This lovely abode has an array of restaurants to choose from within a 7-minute drive and the Estrella Mountain Regional Park is only 18-minutes away.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Mirage

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k302k

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

Neighborhood: Rancho Mirage

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621646

* 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
 

$309,780$378,620$344,200

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,196
Property Tax -$223
Property Insurance -$67
HOA -$20
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 15% of earned rent to cover both maintenance and periods of vacancy.

$344,200

PROJECTED PRICE

$1,630

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$96,963

INVESTMENT

$96,963

Down Payment
$86,050
Rehab Estimate
$5,750
Closing Costs
$5,163

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,196

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,050
Loan Amount $258,150
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,108

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
  • $1,731

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,6504$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 15159 W Polk Street Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15233 W Monroe Street Goodyear, AZ 2
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2005
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.87
    •  
  • 15108 W Taylor Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 2001
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 15879 W Linden Street Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2005
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 15361 W Jefferson Street Goodyear, AZ 5
    • 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 2004
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
PROPERTY LISTING DETAILS
Yvonne C Bondanza-whittaker
Zillow Homes Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188039
Last Updated: 01/31/2021
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.

BESbswy