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15828 W Morning Glory Street Goodyear, AZ 85338

3 Beds 2 Baths 1,300 sqft Built 2001

$254,850

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $196.04
  • 4 Days on Market
  • MLS # : 6189802
  • Updated Date : 02/05/2021 at 17:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,300 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Gorgeous single-story home with no neighbors behind nestled in a quiet cul-de-sac! The split floor plan was laid out with a lovely living room to receive guests, ceiling fans in the right places, 3 beautiful bedrooms, 2 nice size baths, vaulted ceilings that gives a large more open feel, and a charming family room for entertainment. Fabulous kitchen offers stainless steel appliances, plenty of cabinets, and pantry. The adorable master suite includes a walk-in closet to storage your belongings and en-suite bath with track lighting in vanity. In backyard, spend a wonderful day on the blue pool or under the covered patio and gaze at the common area. Call or text to schedule a showing today! ***Treat as VACANT on Sunday and OK to show.

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
Desert Edge High School High Regular 1,744 80 3

Desert Edge High School

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

$229,365$280,335$254,850

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$885
Property Tax -$185
Property Insurance -$53
HOA -$17
Property Management Fees -$99
CASH FLOW
$81

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.

$254,850

PROJECTED PRICE

$1,320

PROJECTED RENT

0.52%

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$73,285

INVESTMENT

$73,285

Down Payment
$63,713
Rehab Estimate
$5,750
Closing Costs
$3,823

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,713
Loan Amount $191,138
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$21,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3203$1,3754$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 15828 W Morning Glory Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.02
    •  
  • 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
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.03
    •  
  • 16128 W Sherman Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1996
    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
    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
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.11
    •  
PROPERTY LISTING DETAILS
Rodney Barnes
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189802
Last Updated: 02/05/2021
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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