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15587 W Rio Vista Lane Goodyear, AZ 85338

3 Beds 2 Baths 1,575 sqft Built 1997

$295,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $187.30
  • 2 Days on Market
  • MLS # : 6210072
  • Updated Date : 03/27/2021 at 19:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,575 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Well maintained and upgraded 3bd 2ba. A few houses from the neighborhood park with a kids playground, BBQ, basketball court, and a big open grassy area for soccer. Walking distance to the Goodyear Ballpark, where there are events all year long. No Carpet. No HOA. Wood shutters on windows, even on the arcadia door. Granite counters in kitchen. Tile and laminate wood throughout. Vaulted ceilings in family room, dining room, main and secondary bedrooms. Extended back patio with pergola cover. Water softener 1 year old. Water heater 2 years old, AC 7 years old and serviced regularly. Refrigerator, washer, and dryer do not convey.No sign on property. Owner Agent. Leased solar, buyer must qualify. We accumulate APS credits, it is now $173, if used up, then $22 APS service acct bill

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PRICE & RENT TRENDS

Neighborhood: Estrella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k302k

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

Neighborhood: Estrella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621646

* 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
Desert Edge High School High Regular 1,744 80 3

Desert Edge High School

  • Education Level: High
  • # of students: 1,744
  • # of teachers: 80
3
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,025
Property Tax -$197
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$42

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.

$295,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$20,952

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,563

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,5003$1,5504$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 15587 W Rio Vista Lane Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.90
    •  
  • 2419 S 159th Lane Goodyear, AZ 2
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 16010 W Miami Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 15966 W Larkspur Drive Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 2637 W 156th Avenue Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1996
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.10
    •  
PROPERTY LISTING DETAILS
Linda Kay Barker
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210072
Last Updated: 03/27/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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