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15655 W Berkeley Road Goodyear, AZ 85395

5 Beds 4 Baths 3,121 sqft Built 2015

$540,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $173.02
  • 2 Days on Market
  • MLS # : 6163479
  • Updated Date : 11/21/2020 at 18:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,121 sqft
  • Baths : 3 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

Gorgeous 4 bedroom home with a den and 3.5 Baths in the desired Palm Valley! 3 car garage with epoxy floors, RV gate, close to shopping centers, restaurants and Freeways! Plenty of room for entertainment with lots of upgrades, Resort Style backyard with self cleaning salt water pool, 2 Large fire features, firepit, surround sound, newly upgraded landscape, and built in BBQ with sink. Home features a beautiful large kitchen with a large island and stainless steel appliances. Pictures don't do it justice it is a must see! Bring your buyers!

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
Western Sky Middle School Middle Regular 994 41 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

Western Sky Middle School

  • Education Level: Middle
  • # of students: 994
  • # of teachers: 41
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

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,992
Property Tax -$479
Property Insurance -$88
HOA -$22
Property Management Fees -$99
CASH FLOW
-$340

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

$2,340

PROJECTED RENT

0.43%

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,653

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
  • $2,466

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,5004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 15655 W Berkeley Road Goodyear, AZ 1
    • 5 beds 4 baths ∙ 3,121 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,121 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16412 W Mckinley Street Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2003
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 2370 N 161st Avenue Goodyear, AZ 3
    • 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2011
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 15812 W Cypress Street Goodyear, AZ 4
    • 4 beds 5 baths ∙ 3,469 Sqft ∙ Built 2009 4 beds 5 baths ∙ 3,469 Sqft ∙ Built 2009
    property image
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.75
    •  
  • 14668 W Wilshire Drive Goodyear, AZ 5
    • 4 beds 4 baths ∙ 3,105 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,105 Sqft ∙ Built 2004
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
PROPERTY LISTING DETAILS
Olivia Godinez
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163479
Last Updated: 11/21/2020
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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