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3268 N Palmer Drive Goodyear, AZ 85395

2 Beds 2 Baths 1,829 sqft Built 2001

$415,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $226.90
  • 6 Days on Market
  • MLS # : 6153459
  • Updated Date : 10/29/2020 at 14:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,829 sqft
  • Baths : 2 full
Listing Agent

Mary Kelley Real Estate

Listing Agent's Description

this nice Palmera has large covered patio in back and a lovely front patio,garage cabinets wood flooring with tile in baths and ktn. stainless appliances, also has gas built in grill on patio. N/S FACING...

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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,531
Property Tax -$404
Property Insurance -$63
HOA -$38
Property Management Fees -$99
CASH FLOW
-$524

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.

$415,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.39%

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$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$260

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,779

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,8004$1,9505$2,200
$2,200
RENT COMPS ANALYSIS
  • 3268 N Palmer Drive Goodyear, AZ 2
    • 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.88
    •  
  • 15202 W Vale Drive Goodyear, AZ 1
    • 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
    •  
  • 3048 N 152nd Drive Goodyear, AZ 3
    • 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 15479 W Whitton Avenue Goodyear, AZ 4
    • 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1994 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1994
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 15384 W Piccadilly Road Goodyear, AZ 5
    • 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1996
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
PROPERTY LISTING DETAILS
Mary Kelley
Mary Kelley Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153459
Last Updated: 10/29/2020
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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