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3131 N 147th Drive Goodyear, AZ 85395

2 Beds 2 Baths 1,569 sqft Built 2002

$339,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $216.63
  • 3 Days on Market
  • MLS # : 6181181
  • Updated Date : 01/15/2021 at 03:16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,569 sqft
  • Baths : 2 full
Listing Agent

The Rodney Jackson Company

Listing Agent's Description

This is not a home to simply drive by. The curb appeal alone will make you want to make an offer. Incredible curb appeal for this Oakmont model. Note the recent exterior paint and paver driveway. Once inside you'll think you stepped into a much newer home that shows like a model. This open concept home with 2 beds, 2 baths plus office (flex space) also offers: updated kitchen with refinished cabinets thru-out, stainless appliances and granite counters. beautiful wood looking tile floors, shutters and custom window shades, beautiful interior paint color, etc. But here are some even better perks: Owned solar, extended garage, new windows, new drip system in 2019, water feature & spa in yard, new HVAC in 2020 and the list goes on. Be prepared to be amazed, and bring your check book. Act now.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pebblecreek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k405k

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

Neighborhood: Pebblecreek

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
Scott L. Libby Elementary School Primary Regular 744 33 8
Scott L. Libby Elementary School Middle Regular 744 33 8
Millennium High School High Regular 2,205 94 4

Scott L. Libby Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Scott L. Libby Elementary School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Millennium High School

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

$305,910$373,890$339,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,181
Property Tax -$331
Property Insurance -$58
HOA -$38
Property Management Fees -$99
CASH FLOW
-$156

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.

$339,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$7,092

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
  • $1,553

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,3994$1,4005$1,600
$1,600
RENT COMPS ANALYSIS
  • 3131 N 147th Drive Goodyear, AZ 1
    • 2 beds 2 baths ∙ 1,569 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,569 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14314 W Cora Lane Goodyear, AZ 2
    • 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2001
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 14870 W Encanto Boulevard #2066 Goodyear, AZ 3
    • 2 beds 2 baths ∙ 1,329 Sqft ∙ Built 2019 2 beds 2 baths ∙ 1,329 Sqft ∙ Built 2019
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.05
    •  
  • 3329 N 142nd Drive Goodyear, AZ 4
    • 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2002
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 15202 W Vale Drive Goodyear, AZ 5
    • 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
PROPERTY LISTING DETAILS
Rodney Jackson
The Rodney Jackson Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181181
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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