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15234 W Windward Avenue Goodyear, AZ 85395

3 Beds 2 Baths 1,870 sqft Built 2005

$315,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $168.45
  • 2 Days on Market
  • MLS # : 6190870
  • Updated Date : 02/06/2021 at 16:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,870 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome home to this 3 bed, 2 bath charmer! With a stylish gray & white color palette, you feel at home the second you walk in. The formal living/dining is in the front of the home and an open concept floor plan for the kitchen, dining, and family room towards the rear. The eat-in kitchen has espresso cabinets, granite counters, Mosaic tiled backsplash, SS appliances and a pantry. Generous sized bedrooms have plush carpeting & ceiling fans. The owner's suite has a sitting area, full bath, and a large walk-in closet. The backyard sports a covered patio, large shade trees, and low-maintenance landscaping with no rear neighbors! Close to shopping, dining, spring training facilities, fantastic schools, and the I-10, what else could you ask for?

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k373k

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

Neighborhood: North Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452177

* 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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,094
Property Tax -$233
Property Insurance -$64
HOA -$15
Property Management Fees -$99
CASH FLOW
$55

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.

$315,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$21,883

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,702

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,6503$1,6754$1,6955$1,698
$1,698
RENT COMPS ANALYSIS
  • 15234 W Windward Avenue Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.83
    •  
  • 15276 W Windward Avenue Goodyear, AZ 2
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2005
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 15386 W Windward Avenue Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2019
    property image
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 15403 W Windward Avenue Goodyear, AZ 4
    • 4 beds 2 baths ∙ 1,988 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,988 Sqft ∙ Built 2020
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 14987 W Wilshire Drive Goodyear, AZ 5
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2018
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,698
    • $0.97
    •  
PROPERTY LISTING DETAILS
Zachary Storey
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190870
Last Updated: 02/06/2021
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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