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3351 N 153rd Drive Goodyear, AZ 85395

4 Beds 3 Baths 3,401 sqft Built 1999

$512,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $150.54
  • 19 Days on Market
  • MLS # : 6149549
  • Updated Date : 11/07/2020 at 14:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,401 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

One of the best views! Stunning Golf Course, Lake & Mountain Views! Updated 4-bedroom home features a spacious master bedroom & living quarters on the main floor. Two large guest bedrooms & full bathroom on the second-floor offer privacy for your guests. Additional downstairs bedroom & den/office. Updated kitchen redesigned in 2018 with staggered custom cabinets, quartz counters, brick style backsplash, walk-in pantry, instant hot water, huge island & breakfast bar. Updated wet bar with wine refrigerator. Windows in the Breakfast Nook & Family Room with gas fireplace overlook the extended & covered, patio with built-in BBQ, water feature, & fantastic view. Three-Car Garage has built-in Cabinets. Located near Eagles Nest Clubhouse and amenities. Move in ready; enjoy resort living 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
 

$460,800$563,200$512,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,889
Property Tax -$583
Property Insurance -$93
HOA -$19
Property Management Fees -$99
CASH FLOW
-$423

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.

$512,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.44%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$141,430

INVESTMENT

$141,430

Down Payment
$128,000
Rehab Estimate
$5,750
Closing Costs
$7,680

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,889

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,000
Loan Amount $384,000
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2603$2,3954$2,6005$2,750
$2,750
RENT COMPS ANALYSIS
  • 3351 N 153rd Drive Goodyear, AZ 2
    • 4 beds 3 baths ∙ 3,401 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,401 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.66
    •  
  • 15576 W Montecito Avenue Goodyear, AZ 1
    • 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.68
    •  
  • 14983 W Windward Avenue Goodyear, AZ 3
    • 5 beds 4 baths ∙ 3,707 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,707 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.65
    •  
  • 15676 W Vernon Avenue Goodyear, AZ 4
    • 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2007
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 14596 W Columbus Avenue Goodyear, AZ 5
    • 5 beds 4 baths ∙ 3,455 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,455 Sqft ∙ Built 2002
    property image
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.80
    •  
PROPERTY LISTING DETAILS
Candise Klackle
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6149549
Last Updated: 11/07/2020
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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