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15253 W Garfield Street Goodyear, AZ 85338

3 Beds 3 Baths 2,111 sqft Built 2020

$459,770

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $217.80
  • 2 Days on Market
  • MLS # : 6260842
  • Updated Date : 07/13/2021 at 01:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,111 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

Just listed! Brand new Fulton home completed in Dec. 2020! Award winning 2111 sq. ft. floorplan featuring 3 bed, 2.5 bath with upgrades. Goodyear's PRIME location near I-10 and Estrella Pkwy. This VERY OPEN floor plan offers a Kitchen Island Off The Greatroom, LOTS NATURAL LIGHT With The 9 Foot Ceilings. A formal dining room that blends into a very spacious family/living room and kitchen with walk in pantry. There is a split master with a huge walk in closet, large walk in shower and private water closet. Tile throughout with carpet in the bedrooms. The oversized back yard is your canvas! Enjoy an oversized garage with plenty of storage cabinets, tankless water heater, water softener, granite and SS appliances complete this beautiful home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $96k302k

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

Neighborhood: Central Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10181646

* 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
 

$413,793$505,747$459,770

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,597
Property Tax -$307
Property Insurance -$68
HOA -$115
Property Management Fees -$99
CASH FLOW
-$316

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$459,770

PROJECTED PRICE

$1,870

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 3.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$123,839

INVESTMENT

$123,839

Down Payment
$114,943
Rehab Estimate
$2,000
Closing Costs
$6,897

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,943
Loan Amount $344,828
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,080

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,900

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8003$1,8704$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 15253 W Garfield Street Goodyear, AZ 3
    • 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.89
    •  
  • 15108 W Taylor Street Goodyear, AZ 1
    • 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
    •  
  • 15361 W Jefferson Street Goodyear, AZ 2
    • 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
    •  
  • 15794 W Mckinley Street Goodyear, AZ 4
    • 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,265 Sqft ∙ Built 2017
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 15975 W Moreland Street Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2003
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
PROPERTY LISTING DETAILS
Eric Williamson
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6260842
Last Updated: 07/13/2021
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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