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15697 W Meadowbrook Avenue Goodyear, AZ 85395

5 Beds 4 Baths 3,134 sqft Built 2006

$590,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
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.

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
 

$531,000$649,000$590,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

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

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

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
$1,850
1$1,8502$1,9953$2,1004$2,2105$2,275
$2,275
RENT COMPS ANALYSIS
  • 15697 W Meadowbrook Avenue Goodyear, AZ 4
    • 5 beds 4 baths ∙ 3,134 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,134 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.71
    •  
  • 15670 W Monterosa Street Goodyear, AZ 1
    • 4 beds 4 baths ∙ 2,807 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,807 Sqft ∙ Built 2007
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 15046 W Coolidge Street Goodyear, AZ 2
    • 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2007
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.65
    •  
  • 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
    • Rent Per SQFT
    •  
    • $2,100
    • $0.68
    •  
  • 4280 N 157th Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.74
    •  
PROPERTY LISTING DETAILS
Ami Maldonado
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192342
Last Updated: 02/10/2021
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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