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16015 W Madison Street Goodyear, AZ 85338

3 Beds 2 Baths 1,262 sqft Built 1999

$269,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $213.87
  • 4 Days on Market
  • MLS # : 6164966
  • Updated Date : 11/26/2020 at 00:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,262 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Welcome to a great top to bottom remodeled, with Kitchen cabinets Soft closing Kitchen drawers and cabinets, new kitchen sink, Wood like vinyl plank Flooring, Back splash tile on kitchen, New Tile floors on both bathrooms, Quartz slab on kitchen counterCalacatta quartz counters on bathrooms, LED lights throughout, Kitchen led lights on kitchenCover patio wood ramada, Epoxy paint on garage floors, new Paint interior and exterior, New Landscaping, Ceiling fans on all rooms, New bathrooms Vanities, Recoated bathtub , Overlay sinksNew Bathroom fixtures, new Kitchen faucet, New blinds, New microwave, Garage opener, New carpetNew baseboard, Stylish Light fixtures throughout the house, Newer gas water heather.

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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$996
Property Tax -$195
Property Insurance -$52
HOA -$4
Property Management Fees -$99
CASH FLOW
-$65

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.

$269,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.47%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,281

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,2953$1,2954$1,3005$1,395
$1,395
RENT COMPS ANALYSIS
  • 16015 W Madison Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.01
    •  
  • 16082 W Morning Glory Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.03
    •  
  • 16056 W Madison Street Goodyear, AZ 3
    • 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
    •  
  • 16189 W Washington Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1999
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.03
    •  
  • 16176 W Adams Street Goodyear, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Carlos Contreras
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164966
Last Updated: 11/26/2020
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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