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15352 W Roma Avenue Goodyear, AZ 85395

3 Beds 3 Baths 2,588 sqft Built 2006

$452,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $175.00
  • 9 Days on Market
  • MLS # : 6163367
  • Updated Date : 11/28/2020 at 18:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,588 sqft
  • Baths : 2 full , 1 half
Listing Agent

Barbara James Real Estate & Development,llc

Listing Agent's Description

Former model home with lots of upgrades-3 bedrooms, 1 office, 2.5 baths, new Solar, new front gate & security doors, new plantation shutters & baseboard throughout, new custom warm paint interior throughout, new flooring. Recessed lighting, beautiful stone fireplace, ceiling fans. Kitchen boasts granite counter tops, upgraded cabinetry, stainless steel appliances, large kitchen island w/breakfast bar. Master bath includes double sinks, separate shower & soaking tub, large walk-in closet. 2 new air-scrubbers for HVAC. Garage has its own mini-split air-conditioner! Bike rack! New exterior cool decking on front sidewalk & back covered patio & large concrete slab w/newly structured beautiful planter in back. Large grass area for play & pets, & dog door. Comfortable home for family or retirees.

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
 

$407,610$498,190$452,900

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 -$1,671
Property Tax -$402
Property Insurance -$78
HOA -$22
Property Management Fees -$99
CASH FLOW
-$401

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.

$452,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.41%

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

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$125,769

INVESTMENT

$125,769

Down Payment
$113,225
Rehab Estimate
$5,750
Closing Costs
$6,794

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,671

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,225
Loan Amount $339,675
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,392

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
  • $0.72

    LIST RENT PER SQFT
  • $1,941

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8704$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 15352 W Roma Avenue Goodyear, AZ 3
    • 3 beds 3 baths ∙ 2,588 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,588 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.72
    •  
  • 15483 W Glenrosa Avenue Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2007
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.72
    •  
  • 15161 W Campbell Avenue Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 2006
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.74
    •  
  • 4359 N 152nd Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 2006
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 14717 W Reade Avenue Litchfield Park, AZ 5
    • 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2015
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.82
    •  
PROPERTY LISTING DETAILS
Betsy Kitchens
Barbara James Real Estate & Development,llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163367
Last Updated: 11/28/2020
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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