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15801 W Durango Street Goodyear, AZ 85338

3 Beds 2 Baths 1,917 sqft Built 1996

$309,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $161.66
  • 4 Days on Market
  • MLS # : 6154403
  • Updated Date : 11/02/2020 at 00:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,917 sqft
  • Baths : 2 full
Listing Agent

Jason Mitchell Real Estate

Listing Agent's Description

Absolutely fantastic home within one of the best communities in Goodyear. The interior features soaring, flat vaulted ceilings and an open concept which give it a spacious feel - all bedrooms have high ceilings as well. Tile in the main areas, carpet in the bedrooms. Beautiful plantation shutters in the living room and bedroom windows. The entire home is extremely clean and exudes pride of ownership. The backyard is tidy and well-kept. A 3 car garage for all your toys and an RV Gate with proper concrete landing both in front of and behind it. Quick access to the I-10 and 303. Oh, and did I mention... no HOA. This home has everything you want and nothing you don't, it's sure to please.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k302k

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

Neighborhood: Estrella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621646

* 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 Star School Primary Regular 710 30 5
Desert Star School Middle Regular 710 30 5
Desert Edge High School High Regular 1,744 80 3

Desert Star School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 30
5
GreatSchools Rating

Desert Star School

  • Education Level: Middle
  • # of students: 710
  • # of teachers: 30
5
GreatSchools Rating

Desert Edge High School

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

$278,910$340,890$309,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,143
Property Tax -$207
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$14

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.

$309,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$20,967

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
  • $1,591

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4254$1,7505$1,950
$1,950
RENT COMPS ANALYSIS
  • 15801 W Durango Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15741 W Papago Street Goodyear, AZ 2
    • 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2002
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.76
    •  
  • 15632 W Supai Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.72
    •  
  • 15532 W Hilton Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 2004
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 15885 W Apache Street Goodyear, AZ 5
    • 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1999
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jason Mitchell
Jason Mitchell Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154403
Last Updated: 11/02/2020
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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