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15699 W Polk Street Goodyear, AZ 85338

3 Beds 3 Baths 1,810 sqft Built 2020

INVESTimate

$279,900

List Price

$1,510

$1,359 - $1,661

Rent Est.

$298,625  ( +6.69%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $154.64
  • 8 Days on Market
  • MLS # : 6119497
  • Updated Date : 08/21/2020 at 20:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,810 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

A NEW HOME TO BE BUILT AT BELLA ROSA AT CANYON TRAILS! THIS ASHLAND FLOOR PLAN WITH YOUR CHOICE OF ELEVATION WILL BE READY FOR DELIVERY IN MID- SUMMER 2021. FEATURES INCLUDE AN 'IDEA SPACE' WHICH IS PERFECT FOR HOME OFFICE, PLAY ROOM, STUDIO, HOBBY ROOM OR ?? MASTER BATH HAS THE OPTION FOR A SEPARATE TUB AND SHOWER. GREAT ROOM IS HUGE AND FEATURES AN OPEN KITCHEN WITH OPTIONAL 42'' CABINETS. OUR UNIQUE FLOOR PLANS AND FINISHES GIVE YOU A PLACE TO EXERCISE YOUR IMAGINATION. COVERED DECK OPTION AND COVERED PATIO WITH 2 CAR EXTENDED GARAGE. YOU'LL LOVE THE FEEL OF THE COMMUNITY COMPLETE WITH A COMMUNITY POOL TO RELAX AND ENJOY. INTERIOR HAS 10' FLAT CEILINGS, UPSTAIRS LAUNDRY AND MORE! USE OUR PREFERRED LENDER FOR AMAZING TERMS AND RATES ON FINANCING.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bella Rosa at Canyon Trails

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k302k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Bella Rosa at Canyon Trails

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9681646

* 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
Desert Thunder School Primary Regular 636 26 5
Desert Thunder School Middle Regular 636 26 5
Desert Edge High School High Regular 1,744 80 3

Desert Thunder School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Desert Thunder School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Desert Edge High School

  • Education Level: High
  • # of students: 1,744
  • # of teachers: 80
3
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,033
Property Tax -$187
Property Insurance -$62
HOA -$157
Property Management Fees -$99
CASH FLOW
-$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.69%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,174

INVESTMENT

$76,174

Down Payment
$69,975
Rehab Estimate
$2,000
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$15,921

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
  • $1,520

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4504$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 15699 W Polk Street Goodyear, 1
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15837 W Diamond Street Goodyear, 2
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2004
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 1035 N 158th Avenue Goodyear, 3
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2005
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 15715 W Melvin Street Goodyear, 4
    • 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,808 Sqft ∙ Built 2019
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 15873 W Polk Street Goodyear, 5
    • 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2017
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
PROPERTY LISTING DETAILS
Dean Selvey
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119497
Last Updated: 08/21/2020
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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