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16143 W Devonshire Avenue Goodyear, AZ 85395

4 Beds 2 Baths 2,141 sqft Built 2006

$365,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $170.48
  • 4 Days on Market
  • MLS # : 6193998
  • Updated Date : 02/25/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,141 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Welcome to Palm Valley. Beautiful single level home with 4 bedrooms. Open and bright floor-plan. Meticulously maintained. Tastefully decorated. Private well manicured pool sized backyard. Easy access to the SR303, the I-10 and LAFB. Hurry this home will not last.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k369k

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

Neighborhood: Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Mabel Padgett Elementary School Primary Regular 868 38 8
Verrado Middle School Middle Regular 1,060 42 8
Millennium High School High Regular 2,205 94 4

Mabel Padgett Elementary School

  • Education Level: Primary
  • # of students: 868
  • # of teachers: 38
8
GreatSchools Rating

Verrado Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 42
8
GreatSchools Rating

Millennium High School

  • Education Level: High
  • # of students: 2,205
  • # of teachers: 94
4
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,268
Property Tax -$324
Property Insurance -$69
HOA -$24
Property Management Fees -$99
CASH FLOW
-$84

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.

$365,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$12,937

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,654

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,6953$1,6954$1,7005$1,799
$1,799
RENT COMPS ANALYSIS
  • 16143 W Devonshire Avenue Goodyear, AZ 4
    • 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 15568 W Westview Drive Goodyear, AZ 1
    • 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2007
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.76
    •  
  • 15561 W Westview Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2007
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 4268 N 157th Avenue Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,197 Sqft ∙ Built 2006
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
  • 16129 W Monterosa Street Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,288 Sqft ∙ Built 2013
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.79
    •  
PROPERTY LISTING DETAILS
Sean D Bell
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193998
Last Updated: 02/25/2021
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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