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15591 W Piccadilly Road Goodyear, AZ 85395

2 Beds 2 Baths 1,884 sqft Built 1999

$415,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $220.28
  • 3 Days on Market
  • MLS # : 6165372
  • Updated Date : 11/27/2020 at 14:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,884 sqft
  • Baths : 2 full
Listing Agent

Melissa Cox Realty

Listing Agent's Description

This immaculate Sedona model is located on the Eagles Nest golf course in PebbleCreek. This home has an open floorplan with a wet bar and gas fireplace in the great room. Office space is located in the Utility room. The three car garage is lined with built-in storage cabinets also has a door directly to the backyard. The back patio has been expanded to go completely the width of the home. The backyard also features a putting green, with artificial turf, and a cozy firepit for entertaining your guests. Your view from the backyard is of the third hole on the Eagles Nest golf course. The ensuite master bath has separate bath and shower as well as double sinks for your convenience. The second bedroom and bath will provide your guests with plenty of enjoyable space during their visit.

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
Verrado High School High Regular 1,855 74 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

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,531
Property Tax -$405
Property Insurance -$64
HOA -$38
Property Management Fees -$99
CASH FLOW
-$287

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.

$415,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.45%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,908

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8003$1,8504$1,9505$2,200
$2,200
RENT COMPS ANALYSIS
  • 15591 W Piccadilly Road Goodyear, AZ 3
    • 2 beds 2 baths ∙ 1,884 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,884 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 15202 W Vale Drive Goodyear, AZ 1
    • 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 3048 N 152nd Drive Goodyear, AZ 2
    • 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 3051 N 160th Avenue Goodyear, AZ 4
    • 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2001
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
  • 15384 W Piccadilly Road Goodyear, AZ 5
    • 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1996
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
PROPERTY LISTING DETAILS
Larry K Clark
Melissa Cox Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165372
Last Updated: 11/27/2020
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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