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2512 N 148th Drive Goodyear, AZ 85395

3 Beds 3 Baths 1,573 sqft Built 2007

$275,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $174.83
  • 4 Days on Market
  • MLS # : 6156365
  • Updated Date : 11/05/2020 at 12:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,573 sqft
  • Baths : 3 full
Listing Agent

The Offer Company

Listing Agent's Description

Gorgeous home close to everything! Highly upgraded 3 bdrm+den & 3 full baths...well taken care of! High energy efficient w/20 SEER AC repl 09/2019, over $12K. Kitchen remodeled 2015 w/ granite, counter extension into an ''L'' adding counter space & cabinets; stainless steel Kitchenaid gas dbl oven range, dishwasher & LG microwave. Beautiful raised panel cherry cabinets, neutral paint, upgraded carpet...tile in wet areas, granite bathroom vanities, blt-in entertainment ctr in living rm; Backyard patio w/pavers, pergola cover, rocks & a small artificial turf area (which is being repl November13). This place is stunning! Bose surround sound speakers do not convey. Seller needs to lease back until her new home has been built between 6-8 months. Solar lease pymt permanently set at $137.65.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cottages at Rio Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k331k

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

Neighborhood: Cottages at Rio Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $9001646

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,015
Property Tax -$203
Property Insurance -$58
HOA -$122
Property Management Fees -$99
CASH FLOW
-$47

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.

$275,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,236

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
  • $1,522

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,5254$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 2512 N 148th Drive Goodyear, AZ 1
    • 3 beds 3 baths ∙ 1,573 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,573 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14903 W Ashland Avenue Goodyear, AZ 2
    • 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.02
    •  
  • 14877 W Ashland Avenue Goodyear, AZ 3
    • 3 beds 3 baths ∙ 1,573 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,573 Sqft ∙ Built 2006
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.97
    •  
  • 2451 N 149th Lane Goodyear, AZ 4
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2019
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 2491 N 149th Lane Goodyear, AZ 5
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2019
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
PROPERTY LISTING DETAILS
Dolly S Rico
The Offer Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156365
Last Updated: 11/05/2020
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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