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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $222.03
- 1 Days on Market
- MLS # : 6263712
- Updated Date : 07/13/2021 at 15:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,734 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Look no further! You've found the perfect home you longed for! Located in Goodyear, this 3 bed, 2 bath property boasts a beautiful facade with low maintenance landscaping and 2 car garage. Inside you find a large dining and living area, with neutral paint throughout and a gorgeous kitchen equipped with new cabinetry, a pantry, ample counter space, tile backsplash, new appliances, pendant lighting, and a lovely laundry room. You'll love the charming master bedroom, with its spacious walk-in closet and private bath featuring double sinks. Finally, the backyard with its cozy covered patio, has tons of potential for customizing it any way you can imagine! What more are you waiting for? Schedule a showing today!
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PRICE & RENT TRENDS
Neighborhood: Las Brisas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Las Brisas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$223 | |
| Property Insurance | -$61 | |
| HOA | -$112 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$342
|
||
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.
$385,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$107,775
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
1.33
YEARS SAVED
$2,407
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,621
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
18652 W Larkspur Drive Goodyear, AZ 1
- 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,490
- $0.86
-
18652 W Fulton Street Goodyear, AZ 2
- 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 2013
LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,645
- $0.95
-
3865 S 183rd Drive Goodyear, AZ 3
- 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 2019
LEASED 11/14/20- Rent
- Rent Per SQFT
- $1,750
- $0.89
-
4216 S 186th Avenue Goodyear, AZ 4
- 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2016
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,770
- $0.87
-
18583 W Illini Street Goodyear, AZ 5
- 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,739 Sqft ∙ Built 2013
LEASED 10/24/20- Rent
- Rent Per SQFT
- $1,795
- $1.03
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263712
Last Updated: 07/13/2021
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.
