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15828 W Alvarado Drive Goodyear, AZ 85395

5 Beds 4 Baths 3,447 sqft Built 2010

$650,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $188.57
  • 4 Days on Market
  • MLS # : 6192680
  • Updated Date : 02/12/2021 at 15:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,447 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Paradise is waiting for you in this amazing desert retreat that is perfect for entertaining-both inside & out. This highly desired TW Lewis home has been exceptionally maintained and has too many amenities to list here. From the open floor plan with lots of natural light to the 10' ceilings throughout. The Master Suite is remote from the other bedrooms. Your guests will be pampered with their own suite that has its own bathroom. The game room offers plenty of space for all of your gaming toys. Then step outside to your backyard paradise! High walls for your privacy allow you to enjoy the sparkling, 10' deep heated pool and spa which uses salt-cell technology for chlorination.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k373k

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

Neighborhood: North Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452177

* 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 High School High Regular 1,855 74 4

Mabel Padgett Elementary School

  • Education Level: Primary
  • # of students: 868
  • # of teachers: 38
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,258
Property Tax -$576
Property Insurance -$94
HOA -$190
Property Management Fees -$99
CASH FLOW
-$547

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.

$650,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,740

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6003$2,670
$2,670
RENT COMPS ANALYSIS
  • 15828 W Alvarado Drive Goodyear, AZ 3
    • 5 beds 4 baths ∙ 3,447 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,447 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.77
    •  
  • 14668 W Wilshire Drive Goodyear, AZ 1
    • 4 beds 4 baths ∙ 3,105 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,105 Sqft ∙ Built 2004
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 15812 W Cypress Street Goodyear, AZ 2
    • 4 beds 5 baths ∙ 3,469 Sqft ∙ Built 2009 4 beds 5 baths ∙ 3,469 Sqft ∙ Built 2009
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.75
    •  
PROPERTY LISTING DETAILS
Susan Kraemer
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192680
Last Updated: 02/12/2021
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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