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15827 W Adams Street Goodyear, AZ 85338

3 Beds 2 Baths 1,320 sqft Built 2000

$255,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $193.18
  • 2 Days on Market
  • MLS # : 6178943
  • Updated Date : 01/10/2021 at 04:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

THIS IS A STUNNING SINGLE-STORY HOME, PRICED RIGHT FOR A QUICK SALE!!! IT HAS BEEN RECENTLY REMODELED FEATURING WHITE KITCHEN CABINETS, NEW GRANITE COUNTERTOPS, NEW BACKSPLASH, FIXTURES, PAINT, TILE FLOORING THROUGHOUT. VAULTED CEILING. THIS HOME FEATURES OPEN FUNCTIONAL & INVITING FLOOR PLAN. NEUTRAL INTERIOR TWO TONE COLOR PALLET. PERFECT LOCATION ADJACENT TO CUL-DE-SAC. PLENTY OF PARKS & WALKING PATHS. WILDFLOWER RANCH HAS A-RATED SCHOOL SYSTEM. THIS HOME WON'T LAST LONG. IT IS A MUST SEE!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wildflower Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $81k302k

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

Neighborhood: Wildflower Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8241646

* 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
Wildflower School Primary Regular 544 29 4
Wildflower School Middle Regular 544 29 4
Desert Edge High School High Regular 1,744 80 3

Wildflower School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 29
4
GreatSchools Rating

Wildflower School

  • Education Level: Middle
  • # of students: 544
  • # of teachers: 29
4
GreatSchools Rating

Desert Edge High School

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

$229,500$280,500$255,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$886
Property Tax -$186
Property Insurance -$53
HOA -$17
Property Management Fees -$99
CASH FLOW
$150

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.

$255,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$28,466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,386

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3753$1,3904$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 15827 W Adams Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.05
    •  
  • 16056 W Madison Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.03
    •  
  • 16128 W Sherman Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1996
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.09
    •  
  • 16176 W Adams Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2000
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.97
    •  
  • 16115 W Adams Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999
    property image
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.11
    •  
PROPERTY LISTING DETAILS
Radojka Lala Smith
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178943
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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