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302 E La Pasada Boulevard Goodyear, AZ 85338

3 Beds 3 Baths 1,842 sqft Built 1955

$265,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300kPrice in $78k302k

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

Neighborhood: Goodyear Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7971646

* 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
Elseo C. Flix School Primary Regular 493 22 2
Elseo C. Flix School Middle Regular 493 22 2
Agua Fria High School High Regular 1,725 92 4

Elseo C. Flix School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 22
2
GreatSchools Rating

Elseo C. Flix School

  • Education Level: Middle
  • # of students: 493
  • # of teachers: 22
2
GreatSchools Rating

Agua Fria High School

  • Education Level: High
  • # of students: 1,725
  • # of teachers: 92
4
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

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
$1,475
1$1,4752$1,600
$1,600
RENT COMPS ANALYSIS
  • 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
Andrea Castaneda
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172423
Last Updated: 12/19/2020
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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