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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $178.57
- 4 Days on Market
- MLS # : 6177928
- Updated Date : 01/07/2021 at 16:36
CONSTRUCTION
- Beds : 3
- Floor Size : 2,240 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
VACANT! Don't miss this incredible single-story home! Home sits on a huge lot with a screened in back patio, large grassy play area with a watering system, lush mature landscaping, no behind neighbor, RV gate, and decorative stonework and planters. Great split floorplan with formal dining area with butlers pantry, den, high ceilings throughout the home and wood blinds. Gorgeous kitchen with beautiful granite counter-tops, under-mount stainless steel sink, walk-in pantry, custom tile backsplash, painted white cabinets, stainless steel appliances and so much cabinet and counter-top space. Home is in a great location close to amenities. Come see it today!
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PRICE & RENT TRENDS
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$335 | |
| Property Insurance | -$71 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$44
|
||
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.
$400,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.2% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
4.5
YEARS SAVED
$17,818
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
-
$1,747
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
3675 N 146th Drive Goodyear, AZ 1
- 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2001
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- $0
- $0.00
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14271 W Clarendon Avenue Goodyear, AZ 2
- 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2000
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,600
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15015 W Robson Circle N Goodyear, AZ 3
- 3 beds 2 baths ∙ 2,154 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,154 Sqft ∙ Built 2001
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.77
-
14283 W Indianola Avenue Goodyear, AZ 4
- 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,650
- $0.79
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14381 W Verde Lane Goodyear, AZ 5
- 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 2000
LEASED 01/21/20- Rent
- Rent Per SQFT
- $1,700
- $0.79
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177928
Last Updated: 01/07/2021
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.
