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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Wildflower Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wildflower Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,274
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
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
-
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
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164966
Last Updated: 11/26/2020
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.
