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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $213.22
- 2 Days on Market
- MLS # : 6173120
- Updated Date : 12/19/2020 at 07:39
CONSTRUCTION
- Beds : 2
- Floor Size : 1,641 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
This Heritage model has all the right upgrades! The wall in the kitchen has been removed, now making an open floor plan. Updated cabinets, kitchen island, granite countertops and new stainless steel range/dishwasher. Range is electric but house is stubbed for gas in kitchen and laundry room. Masterbath has been updated with tile and deco band. Shower has been enlarged. Shower and tub have been relocated. Second bath has also been updated with tile and deco band. Backyard is perfect for entertaining with a built-in BBQ with stacked stone. New tankless water heater in 2014; new carpet in 2015; pavered driveway & entryway. Interior was painted in 2014 & exterior in 2015. Yard is fenced in with all new landscaping in 2011. House is immaculate and move-in ready! No showings until 12-19-20
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PRICE & RENT TRENDS
Neighborhood: Pebblecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pebblecreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$340 | |
| Property Insurance | -$59 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$197
|
||
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.
$349,900
PROJECTED PRICE
$1,630
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
2.42
YEARS SAVED
$7,436
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,633
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,399
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LEASED 11/09/20- Rent
- Rent Per SQFT
- $1,400
- $0.97
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15202 W Vale Drive Goodyear, AZ 4
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LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,600
- $0.98
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3048 N 152nd Drive Goodyear, AZ 5
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![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173120
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.
