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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $128.32
- 4 Days on Market
- MLS # : 6190605
- Updated Date : 02/19/2021 at 18:22
CONSTRUCTION
- Beds : 5
- Floor Size : 2,493 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This home has so much to offer. A+ grade school just down the street and a, spacious floor plan. New carpet, baseboards and paint throughout the home. Appliances less than 1 year old, air unit put in 2017 and an additional family area in the added space off the family room (permitted). One bedroom downstairs - has been used as office but does have a nice closet and also its own exit door from the house to outside. Beautifully landscaped yard with grass in the front and backyard with watering system. Here is a home that is ready for its new occupants. Be the first to see this ready to occupy family home!
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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 | $1,600 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$231 | |
| Property Insurance | -$76 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$78
|
||
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.
$319,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.50%
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
$90,524
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
6.58
YEARS SAVED
$25,088
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$1,726
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
16247 W Jackson Street Goodyear, AZ 1
- 5 beds 3 baths ∙ 2,493 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,493 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,600
- $0.64
-
16740 W Pima Street Goodyear, AZ 2
- 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,650
- $0.68
-
16579 W Jackson Street Goodyear, AZ 3
- 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2006
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,745
- $0.78
-
99 S 165th Drive Goodyear, AZ 4
- 6 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006 6 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006
LEASED 10/12/19- Rent
- Rent Per SQFT
- $1,795
- $0.65
-
16551 W Lilac Street Goodyear, AZ 5
- 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,825
- $0.66
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190605
Last Updated: 02/19/2021
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.
