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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $188.26
- 5 Days on Market
- MLS # : 6192342
- Updated Date : 02/10/2021 at 21:47
CONSTRUCTION
- Beds : 5
- Floor Size : 3,134 sqft
- Baths : 3 full , 1 half
Listing Agent
Century 21 Arizona Foothills
Listing Agent's Description
Backyard has all the amenities you've been looking for. Rectangle shaped pool with two water features installed in 2014. Outdoor shower. 1,000 square feet paver patio with wood burning fire pit. Half basketball court cement and covered patio area. East side patio for sitting out late afternoon. RV gate accommodates larger items into the backyard. Large shed conveys with sale. Family room and kitchen open floor plan. Granite countertops and 48 inch cabinets. All bedrooms have ceiling fans and wooden blinds. Three bathrooms on the second floor! 3 car garage epoxy floor, water loop, ceiling storage brackets. Grill Island does not convey. Solar panels are leased. Buyer must qualify for the lease.
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PRICE & RENT TRENDS
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,210 |
| EXPENSES | Loan Payment | -$2,049 |
| Property Tax | -$523 | |
| Property Insurance | -$88 | |
| HOA | -$27 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$576
|
||
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.
$590,000
PROJECTED PRICE
$2,210
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$162,100
LOAN DETAILS
$2,049
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $147,500 |
| Loan Amount | $442,500 |
0.67
YEARS SAVED
$1,576
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,139
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
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15576 W Montecito Avenue Goodyear, AZ 3
- 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006
LEASED 01/25/20- Rent
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- $2,100
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LEASED 10/22/19- Rent
- Rent Per SQFT
- $2,275
- $0.74
PROPERTY LISTING DETAILS
Century 21 Arizona Foothills
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192342
Last Updated: 02/10/2021
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.
