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2472 N 141st Lane Goodyear, AZ 85395

4 Beds 4 Baths 3,513 sqft Built 2005

$590,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $167.95
  • 2 Days on Market
  • MLS # : 6149927
  • Updated Date : 11/07/2020 at 14:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,513 sqft
  • Baths : 3 full , 1 half
Listing Agent

Urban Luxe Real Estate

Listing Agent's Description

Golf Course Home with mountain views in the TW Lewis development of Floriana at Palm Valley golf community. Contemporary edge with soaring windows! 4 bedrooms, 3.5 baths w/ Formal Living room, Dining room, huge Family room with a gas fireplace and Breakfast room. Incredible gourmet kitchen with stainless appliances including a wall oven and built in microwave, gas range W/ Stainless hood, large island w/ wine refrigerator, premium granite countertops with custom backsplash, staggered custom cherry 42 inch cabinets, built-in desk, butler pantry and walk-in pantry. Spacious master suite w/ 2 walk-in closets, dual vanities, stone snail shower/ separate large tub. Backyard to die for, fenced raised heated pool and oversized spa, firepit with seating, grass area. You deserve this Luxury!

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
Palm Valley Elementary School Primary Regular 849 37 9
Palm Valley Elementary School Middle Regular 849 37 9
Desert Edge High School High Regular 1,744 80 3

Palm Valley Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 37
9
GreatSchools Rating

Palm Valley Elementary School

  • Education Level: Middle
  • # of students: 849
  • # of teachers: 37
9
GreatSchools Rating

Desert Edge High School

  • Education Level: High
  • # of students: 1,744
  • # of teachers: 80
3
GreatSchools Rating
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$2,177
Property Tax -$494
Property Insurance -$96
HOA -$29
Property Management Fees -$99
CASH FLOW
-$594

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.

$590,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.39%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,465

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,275

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,2004$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2472 N 141st Lane Goodyear, AZ 1
    • 4 beds 4 baths ∙ 3,513 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,513 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2394 N 142nd Avenue Goodyear, AZ 2
    • 4 beds 4 baths ∙ 3,322 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,322 Sqft ∙ Built 2006
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.63
    •  
  • 13970 W Woodbridge Avenue Goodyear, AZ 3
    • 4 beds 3 baths ∙ 3,412 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,412 Sqft ∙ Built 2004
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.64
    •  
  • 13971 W Woodbridge Avenue Goodyear, AZ 4
    • 4 beds 3 baths ∙ 3,344 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,344 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.66
    •  
  • 2739 N 144th Drive Goodyear, AZ 5
    • 4 beds 4 baths ∙ 3,615 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,615 Sqft ∙ Built 2004
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.66
    •  
PROPERTY LISTING DETAILS
Shawn Beaird
Urban Luxe Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149927
Last Updated: 11/07/2020
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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