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2606 N 134th Avenue Goodyear, AZ 85395

4 Beds 2 Baths 2,210 sqft Built 1995

$467,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $211.31
  • 2 Days on Market
  • MLS # : 6205346
  • Updated Date : 03/13/2021 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,210 sqft
  • Baths : 2 full
Listing Agent

Southwest Preferred Properties

Listing Agent's Description

Gorgeous golf course home with amazing sunset views! Very well cared for home with 3 spacious bedrooms, 2 bathrooms plus a home office with a closet that doubles as a 4th bedroom. Updated kitchen with black cabinets, top-of-the-line appliances and a striking quartz island. Ideal floor plan leaves no wasted space and it's just the right size for a winter retreat or full-time residence. Beautiful backyard with sparkling swimming pool, travertine pavers, side yard with faux grass for pets and/or corn hole. Unbeatable location in the Palm Valley Community, cul-de-sac lot, just a 3 minute walk to A++ Elementary school.

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
Millennium High School High Regular 2,205 94 4

Millennium High School

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

$420,300$513,700$467,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,622
Property Tax -$391
Property Insurance -$70
HOA -$1
Property Management Fees -$99
CASH FLOW
-$274

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.

$467,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$129,505

INVESTMENT

$129,505

Down Payment
$116,750
Rehab Estimate
$5,750
Closing Costs
$7,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,750
Loan Amount $350,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,890

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,8754$1,9105$1,950
$1,950
RENT COMPS ANALYSIS
  • 2606 N 134th Avenue Goodyear, AZ 4
    • 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.86
    •  
  • 2237 N 135th Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2005
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 2591 N 133rd Avenue Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 1996
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 13252 W Edgemont Avenue Goodyear, AZ 3
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1997
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.91
    •  
  • 13364 W Wilshire Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1996
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
PROPERTY LISTING DETAILS
Susan E Fix
Southwest Preferred Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205346
Last Updated: 03/13/2021
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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