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

15342 W Turney Avenue Goodyear, AZ 85395

4 Beds 4 Baths 3,846 sqft Built 2006

$534,900

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $139.08
  • 5 Days on Market
  • MLS # : 6161767
  • Updated Date : 11/18/2020 at 12:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,846 sqft
  • Baths : 3 full , 1 half
Listing Agent

Libertas Real Estate

Listing Agent's Description

WOW A MUST SEE! The amazing two-story owner retreat encompasses a grand staircase leading to a catwalk and OWNER's RETREAT! The kitchen is a cook's paradise! Stainless steel Jenn Air appliances, huge island, granite counter tops, custom cabinets line the kitchen and eat in area. Great Room has a stunning stacked stone fireplace and double doors to the covered patio. Second story boasts of a loft, separating the owner's retreat and the rest of the bedrooms. 3 very large bedrooms (KING beds will fit). 2 bedrooms share a Jack and Jill style bathroom. Plantation shutters throughout and ceiling fans in all major areas. Fully operational fire alarm/sprinkler system. AND... enjoy entertaining friends in the refreshing pool w/waterfall complete with a Ficus Tree back wall for privacy.

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
 

$481,410$588,390$534,900

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,974
Property Tax -$457
Property Insurance -$102
HOA -$22
Property Management Fees -$99
CASH FLOW
-$183

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.

$534,900

PROJECTED PRICE

$2,470

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$147,499

INVESTMENT

$147,499

Down Payment
$133,725
Rehab Estimate
$5,750
Closing Costs
$8,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,725
Loan Amount $401,175
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$19,480

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
  • $2,731

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,6004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 15342 W Turney Avenue Goodyear, AZ 1
    • 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15305 W Roma Avenue Goodyear, AZ 2
    • 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 2007
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.65
    •  
  • 4714 N 151st Drive Goodyear, AZ 3
    • 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.63
    •  
  • 15145 W Elm Street Goodyear, AZ 4
    • 4 beds 3 baths ∙ 3,712 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,712 Sqft ∙ Built 2007
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 14584 W Hidden Terrace Loop Litchfield Park, AZ 5
    • 5 beds 5 baths ∙ 3,722 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,722 Sqft ∙ Built 2006
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.81
    •  
PROPERTY LISTING DETAILS
Terri Boss
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161767
Last Updated: 11/18/2020
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.

BESbswy