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15309 W Sells Drive Goodyear, AZ 85395

5 Beds 4 Baths 4,382 sqft Built 2007

$519,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $118.64
  • 6 Days on Market
  • MLS # : 6155619
  • Updated Date : 11/06/2020 at 12:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,382 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Absolute AMAZING home with countless amenities that will not disappoint. Home front features stone veneer columns and newly painted exterior with a warranty. Enter this spacious home with a formal living room with vaulted ceilings and a beautiful stone veneer fireplace. Formal dining with gorgeous wood tile flooring adjacent to a half bathroom & neighboring an open kitchen with a granite breakfast bar, granite countertops, dual jen-air ovens and appliances, with tons of beautiful maple cabinet space. OWNED water softening system. Rod iron railing in dining room, kitchen, and stairwell. Step down to the living room accompanied by a wet bar with a granite top/corian bottom perfect for gatherings. Also enjoy a bedroom downstairs with a full bathroom for your guests.

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
Litchfield Elementary School Primary Regular 820 37 8
Litchfield Elementary School Middle Regular 820 37 8
Millennium High School High Regular 2,205 94 4

Litchfield Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Litchfield Elementary School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Millennium High School

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

$467,910$571,890$519,900

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,918
Property Tax -$461
Property Insurance -$113
HOA -$22
Property Management Fees -$99
CASH FLOW
-$253

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.

$519,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.45%

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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,524

INVESTMENT

$143,524

Down Payment
$129,975
Rehab Estimate
$5,750
Closing Costs
$7,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,918

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,975
Loan Amount $389,925
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$13,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.54

    LIST RENT PER SQFT
  • $2,585

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3604$2,6005$2,900
$2,900
RENT COMPS ANALYSIS
  • 15309 W Sells Drive Goodyear, AZ 3
    • 5 beds 4 baths ∙ 4,382 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,382 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.54
    •  
  • 15029 W Coolidge Street Goodyear, AZ 1
    • 6 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006 6 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.53
    •  
  • 15043 W Pierson Street Goodyear, AZ 2
    • 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2007
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.53
    •  
  • 4714 N 151st Drive Goodyear, AZ 4
    • 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.63
    •  
  • 756 W Mesquite Lane Litchfield Park, AZ 5
    • 4 beds 4 baths ∙ 4,358 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,358 Sqft ∙ Built 2005
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.67
    •  
PROPERTY LISTING DETAILS
Isaac Diaz
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155619
Last Updated: 11/06/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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