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15388 W Indianola Avenue Goodyear, AZ 85395

2 Beds 3 Baths 2,810 sqft Built 1997

$409,900

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $145.87
  • 3 Days on Market
  • MLS # : 6173641
  • Updated Date : 01/01/2021 at 18:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,810 sqft
  • Baths : 2 full , 1 half
Listing Agent

Arizona Team Realty, Llc

Listing Agent's Description

Well cared for Galleria model with 2 bedrooms, a den, 2.5 baths and a 3-car garage! Formal areas greet you at entry with vaulted ceilings and lots of natural light. You'll find ample cabinets/counter space with breakfast bar, an island with built-in electric cooktop, walk-in pantry and breakfast nook in the open kitchen which overlooks the family room with vaulted ceilings and built-in entertainment center. Spacious master suite includes a sitting area with bay window, a separate exit to rear covered patio plus his/her walk-in closets. Master bath features dual vanities, a soaking tub, separate shower and water closet. Private backyard with block wall, covered patio, extended concrete sitting area, built-in BBQ and mature landscaping including citrus tree. New interior paint and HVAC unit

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pebblecreek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k405k

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

Neighborhood: Pebblecreek

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
Scott L. Libby Elementary School Primary Regular 744 33 8
Scott L. Libby Elementary School Middle Regular 744 33 8
Millennium High School High Regular 2,205 94 4

Scott L. Libby Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Scott L. Libby Elementary School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Millennium High School

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

$368,910$450,890$409,900

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,512
Property Tax -$415
Property Insurance -$82
HOA -$38
Property Management Fees -$99
CASH FLOW
$334

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.

$409,900

PROJECTED PRICE

$2,480

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$62,008

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,431

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,4803$2,500
$2,500
RENT COMPS ANALYSIS
  • 15388 W Indianola Avenue Goodyear, AZ 2
    • 2 beds 3 baths ∙ 2,810 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,810 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.88
    •  
  • 14576 W Hidden Terrace Loop Litchfield Park, AZ 1
    • 2 beds 2 baths ∙ 2,531 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,531 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 3027 N 164th Avenue Goodyear, AZ 3
    • 2 beds 3 baths ∙ 2,541 Sqft ∙ Built 2014 2 beds 3 baths ∙ 2,541 Sqft ∙ Built 2014
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Anthony R Sherman
Arizona Team Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173641
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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