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15464 W Glenrosa Avenue Goodyear, AZ 85395

3 Beds 2 Baths 1,701 sqft Built 2007

$325,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $191.06
  • 3 Days on Market
  • MLS # : 6176181
  • Updated Date : 01/01/2021 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,701 sqft
  • Baths : 2 full
Listing Agent

Rely Real Estate, Llc

Listing Agent's Description

You found...! The perfect home in the low $300's in both the Millennium High School and Western Sky Middle School Districts! Move in ready 3 bedroom with an easily convertible office to 4th bedroom, and two bathrooms. This house features a spacious owner's room with on-suite, walk in closet, and direct access to the covered patio! The oversized backyard already landscaped and ready for your personal touch! This property has been maliciously maintained, new paint, carpets, and repairs recently done for its new owner! Schedule a showing today!

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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,199
Property Tax -$288
Property Insurance -$60
HOA -$13
Property Management Fees -$99
CASH FLOW
-$40

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.

$325,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,597

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
  • $1,624

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5954$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 15464 W Glenrosa Avenue Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15032 W Glenrosa Avenue Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 2011
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 15493 W Montecito Avenue Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2007
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 15164 W Glenrosa Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 2009
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 15398 W Mackenzie Drive Goodyear, AZ 5
    • 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
PROPERTY LISTING DETAILS
John Edward Ely
Rely Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176181
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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