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15946 W Miami Street Goodyear, AZ 85338

3 Beds 2 Baths 1,678 sqft Built 2003

$325,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $193.68
  • 4 Days on Market
  • MLS # : 6205713
  • Updated Date : 03/13/2021 at 02:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,678 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Amazing! A wonderful 3 bed, 2 bath, freshly painted property located in Goodyear is now on the market! Featuring charming curb appeal, desert landscaping, a 2 car garage, and much more, you'll simply have to come see it to believe it! Step inside and you will find large dining and living areas with gorgeous vaulted ceilings and an elegant kitchen equipped with ample cabinetry, a pantry, matching appliances, and an island complete with a breakfast bar. Don't forget about the grandiose master bedroom, which includes its own private bath. The inviting backyard, with its covered patio and grassy area, is the perfect place for spending quality time with friends and loved ones! Your new home is waiting for you, book a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sarival Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $94k302k

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

Neighborhood: Sarival Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8761646

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,129
Property Tax -$250
Property Insurance -$60
HOA -$21
Property Management Fees -$99
CASH FLOW
-$69

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.

$325,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,537

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
  • $1,498

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3954$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 15946 W Miami Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15972 W Larkspur Drive Goodyear, AZ 2
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 16023 W Williams Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2004
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 16010 W Miami Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 15966 W Larkspur Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
PROPERTY LISTING DETAILS
Karyn Nelsen
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205713
Last Updated: 03/13/2021
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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