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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $222.48
- 2 Days on Market
- MLS # : 6207242
- Updated Date : 03/21/2021 at 04:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,290 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
This 3 bedroom 2 bath home is absolutely adorable!! Don't let the size fool you - perfectly laid out open floor plan with split master bedroom. Owned solar, owned security system, , programable thermostat. New wood tile installed 2017. Synthetic grass installed 2020 in back yard for the perfect play area. Large enough yard for a pool and huge patio area to enjoy and entertain.
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PRICE & RENT TRENDS
Neighborhood: Canyon Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,320 |
| EXPENSES | Loan Payment | -$997 |
| Property Tax | -$191 | |
| Property Insurance | -$52 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$85
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$287,000
PROJECTED PRICE
$1,320
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,805
LOAN DETAILS
$997
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,750 |
| Loan Amount | $215,250 |
3.92
YEARS SAVED
$10,221
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
-
$1,380
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
15873 W Moreland Street Goodyear, AZ 1
- 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,320
- $1.02
-
16595 W Moreland Street Goodyear, AZ 2
- 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2002
LEASED 01/08/21- Rent
- Rent Per SQFT
- $1,325
- $1.01
-
16589 W Belleview Street Goodyear, AZ 3
- 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2003
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,400
- $1.07
-
16611 W Culver Street Goodyear, AZ 4
- 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2018
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,600
- $1.08
-
16445 W Culver Street Goodyear, AZ 5
- 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2018
LEASED 12/08/20- Rent
- Rent Per SQFT
- $1,650
- $1.12
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6207242
Last Updated: 03/21/2021
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.
