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15640 W Minnezona Avenue Goodyear, AZ 85395

3 Beds 2 Baths 2,257 sqft Built 2007

$425,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $188.30
  • 3 Days on Market
  • MLS # : 6199693
  • Updated Date : 02/26/2021 at 21:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,257 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This move in ready home has just been painted inside & out! A single story w/ 3 bedrooms, plus den located near schools, shopping & restaurants. Featuring separate living & family rooms & an open kitchen w/gorgeous black granite countertops & tons of cabinet space. The Den has double doors for privacy or to create another bedroom. There is a 3 car garage and an RV gate giving you lots of room for your toys. The family room is bright & opens to a large covered patio & landscaped back yard with mature fruit trees and watering system. The Master bedroom features a walk in closet & lovely on suite with a soaking tub, separate shower and double sinks. There are ceiling fans in every room & plantation shutters on the windows. AC Compressor was recently replaced. Won't last. See it 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
Mabel Padgett Elementary School Primary Regular 868 38 8
Verrado Middle School Middle Regular 1,060 42 8
Millennium High School High Regular 2,205 94 4

Mabel Padgett Elementary School

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

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,476
Property Tax -$377
Property Insurance -$71
HOA -$24
Property Management Fees -$99
CASH FLOW
-$337

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.

$425,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.40%

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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7104$1,9955$2,150
$2,150
RENT COMPS ANALYSIS
  • 15640 W Minnezona Avenue Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.76
    •  
  • 15485 W Montecito Avenue Goodyear, AZ 1
    • 4 beds 3 baths ∙ 1,953 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,953 Sqft ∙ Built 2007
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 4268 N 157th Avenue Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2006
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 15120 W Sells Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,289 Sqft ∙ Built 2007
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.87
    •  
  • 15635 W Devonshire Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2009
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
PROPERTY LISTING DETAILS
Karyn Nelsen
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199693
Last Updated: 02/26/2021
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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