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15471 W Piccadilly Road Goodyear, AZ 85395

4 Beds 3 Baths 3,401 sqft Built 1995

INVESTimate

$430,000

List Price

$2,490

$2,241 - $2,739

Rent Est.

$450,683  ( +4.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $126.43
  • 1 Days on Market
  • MLS # : 6122684
  • Updated Date : 08/26/2020 at 00:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,401 sqft
  • Baths : 3 full
Listing Agent

The Rodney Jackson Company

Listing Agent's Description

This is a rare opportunity to pick up a cosmetic fixer on the golf course with pool at a great price. Situated on a quarter acre corner lot and on the 3 hole of Eagles Nest this home will need some serious TLC, but the price justifies the work that needs to be done. Home offers 4 bedrooms and 3 full baths, plus office. No updating has been done so bring your imagination because the basics of this home have a lot to offer.

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
 

$387,000$473,000$430,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,587
Property Tax -$586
Property Insurance -$93
HOA -$227
Property Management Fees -$99
CASH FLOW
-$102

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.

$430,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.81%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$14,143

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
  • $2,661

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2753$2,6004$2,7505$2,800
$2,800
RENT COMPS ANALYSIS
  • 15471 W Piccadilly Road Goodyear, 1
    • 4 beds 3 baths ∙ 3,401 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,401 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4280 N 157th Avenue Goodyear, 2
    • 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.74
    •  
  • 15676 W Vernon Avenue Goodyear, 3
    • 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 14596 W Columbus Avenue Goodyear, 4
    • 5 beds 4 baths ∙ 3,455 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,455 Sqft ∙ Built 2002
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.80
    •  
  • 15145 W Elm Street Goodyear, 5
    • 4 beds 3 baths ∙ 3,712 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,712 Sqft ∙ Built 2007
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
PROPERTY LISTING DETAILS
Rodney Jackson
The Rodney Jackson Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122684
Last Updated: 08/26/2020
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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