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15607 W Berkeley Road Goodyear, AZ 85395

3 Beds 3 Baths 2,401 sqft Built 2008

$540,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $224.91
  • 4 Days on Market
  • MLS # : 6197645
  • Updated Date : 02/25/2021 at 19:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,401 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Located in the highly desired Palm Valley Community. Move in ready, this SunCore built home is available. A split floor plan with a large master en suite, gorgeous walk-in-shower, a huge walk in closet with solar-tube light in closet. The kitchen/butler's pantry is a chef's dream.Prepaid solar for the next 11 years which offers very low APS bills. The backyard has a full house-width patio.New landscaping in back yard, established fruit trees and a veggie bed. This home has new exterior paint new carpet.The 3 car garage is partially extended,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k373k

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

Neighborhood: North Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452177

* 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
Mabel Padgett Elementary School Primary Regular 868 38 8
Verrado High School High Regular 1,855 74 4

Mabel Padgett Elementary School

  • Education Level: Primary
  • # of students: 868
  • # of teachers: 38
8
GreatSchools Rating

Verrado High School

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

$486,000$594,000$540,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,876
Property Tax -$479
Property Insurance -$74
HOA -$22
Property Management Fees -$99
CASH FLOW
-$670

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.

$540,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,783

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,7504$1,8505$1,880
$1,880
RENT COMPS ANALYSIS
  • 15607 W Berkeley Road Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,401 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,401 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.78
    •  
  • 15786 W Mckinley Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 2,309 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,309 Sqft ∙ Built 2016
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.74
    •  
  • 15342 W Windsor Avenue Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.74
    •  
  • 2863 N 152nd Avenue Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.69
    •  
  • 14791 W Edgemont Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,309 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,309 Sqft ∙ Built 2005
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
PROPERTY LISTING DETAILS
Barbara Spaid
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197645
Last Updated: 02/25/2021
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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