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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $143.87
- 4 Days on Market
- MLS # : 6172423
- Updated Date : 12/19/2020 at 19:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,842 sqft
- Baths : 3 full
Listing Agent
Nexgen Real Estate
Listing Agent's Description
This gem is nestled in the heart of Goodyear in between beautiful Loma Linda Park and Historic Goodyear District and very close to Interstate 10.An 1,842 sqft 2019 Remodel Move-In-Ready Property that brings you the best of both worlds owning a nice place to live and another great income generating property with an attached studio completely renovated and its independent entrance or Simply a HUGE Property to enjoy with your loved ones when you open the access to the studio through the main property.DON'T MISS OUT AND SCHEDULE YOUR SHOWING TODAY!
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PRICE & RENT TRENDS
Neighborhood: Goodyear Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Goodyear Estates
* 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 | -$978 |
| Property Tax | -$172 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$288
|
||
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.
$265,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 6.7% |
| 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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
11.25
YEARS SAVED
$52,159
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 -
$0.87
LIST RENT PER SQFT
-
$1,676
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
302 E La Pasada Boulevard Goodyear, AZ 2
- 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 1955 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $1,600
- $0.87
-
125 E Solano Drive Goodyear, AZ 1
- 4 beds 2 baths ∙ 1,625 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,625 Sqft ∙ Built 1956
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,475
- $0.91
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172423
Last Updated: 12/19/2020
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.
