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15673 W Coronado Road Goodyear, AZ 85395

3 Beds 3 Baths 2,384 sqft Built 2008

INVESTimate

$429,000

List Price

$1,650

$1,485 - $1,815

Rent Est.

$448,434  ( +4.53%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2008
  • Price/Sqft : $179.95
  • 19 Days on Market
  • MLS # : 6114675
  • Updated Date : 08/18/2020 at 11:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,384 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

A courtyard entry leads to this immaculate, upgraded, soft contemporary in the Master Planned Community of Palm Valley. The open, split floor plan flows effortlessly for casual yet sophisticated living. The gourmet kitchen features Jenn-Air gas cooktop, oven, microwave, RO system, granite counters with Spiced Maple cabinets and large breakfast bar all open to the family/living rooms. Upgrades include 20'' porcelain tile, Plantation shutters and Roman blinds, European Minka fans and lighting, raised vessel sinks, water softener, and upgraded wall and roof installation, as well as, Solar electric for reduced energy costs. Master bedroom/bath includes large W/I shower with bench, W/I closet and separate exit to patio and sparkling pool.

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
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,583
Property Tax -$380
Property Insurance -$74
HOA -$55
Property Management Fees -$99
CASH FLOW
-$541

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.

$429,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.53%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,687

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6804$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 15673 W Coronado Road Goodyear, 2
    • 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.69
    •  
  • 15288 W Edgemont Avenue Goodyear, 1
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2005
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
  • 2863 N 152nd Avenue Goodyear, 3
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2005
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.66
    •  
  • 15786 W Mckinley Street Goodyear, 4
    • 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, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Scott Reid
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6114675
Last Updated: 08/18/2020
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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