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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $191.74
- 5 Days on Market
- MLS # : 6174182
- Updated Date : 12/23/2020 at 14:04
CONSTRUCTION
- Beds : 2
- Floor Size : 2,154 sqft
- Baths : 2 full
Listing Agent
The Rodney Jackson Company
Listing Agent's Description
Mr and Mrs Clean live here. Situated on a roomy common area lot, this home has ample space all around its lot for that open feeling. Highlighted by a beautifully updated kitchen with gleaming backsplash, quartz counters, updated cabinetry and appliances, this one will be sure to please. Take note that both bathrooms have also had an update. The neutral colors in this home will make it easy for you to just move right in and start enjoying Pebblecreek. Other pluses include: updated carpet, owned solar installed 3 years ago, recent paint both inside and out, new double pane windows, newer sprinkler system, oversized patio with grilling station, etc. Currently there is low availabilty in Pebblecreek so you'll want to act quickly on this one.
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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 | $2,060 |
| EXPENSES | Loan Payment | -$1,524 |
| Property Tax | -$402 | |
| Property Insurance | -$69 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$71
|
||
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.
$413,000
PROJECTED PRICE
$2,060
PROJECTED RENT
0.50%
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
$115,195
LOAN DETAILS
$1,524
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,250 |
| Loan Amount | $309,750 |
4.25
YEARS SAVED
$19,875
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,060
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,127
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
3321 N 150th Drive Goodyear, AZ 3
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- Rent
- Rent Per SQFT
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3048 N 152nd Drive Goodyear, AZ 1
- 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 1999
LEASED 08/01/20- Rent
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- $1,800
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-
16038 W Windsor Avenue Goodyear, AZ 2
- 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2004
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,850
- $1.01
-
15384 W Piccadilly Road Goodyear, AZ 4
- 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
-
3326 N 150th Drive Goodyear, AZ 5
- 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 1999 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 1999
LEASED 01/27/20- Rent
- Rent Per SQFT
- $2,300
- $0.94
PROPERTY LISTING DETAILS
The Rodney Jackson Company
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174182
Last Updated: 12/23/2020
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.
