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3767 N 144th Drive Goodyear, AZ 85395

3 Beds 3 Baths 2,144 sqft Built 2002

$335,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $156.25
  • 31 Days on Market
  • MLS # : 6153889
  • Updated Date : 11/27/2020 at 09:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,144 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

BACK ON MARKET! This 3 bed, 2.5 bath home located in Palm Valley is a beauty! Upgraded, clean and in fantastic condition. Sparkling Paddock POOL with waterfall, inground cleaning system and pebble surface. Perfect size backyard. Featuring low maintenance desert front landscaping, 2 car garage with built-in storage cabinets, epoxy floor, water softener, RV gate, loft, newer carpet and vinyl plank flooring in the loft and guest bedrooms. Lovely kitchen with stainless appliances, ample cabinet storage space, kitchen island and recessed lighting. Quality washer, dryer and stainless refrigerator included! Spacious Master Bedroom has a full bathroom with separate tub and shower, dual sinks and generous sized walk-in closet. Excellent location!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Valley

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k369k

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

Neighborhood: Palm Valley

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
Litchfield Elementary School Primary Regular 820 37 8
Litchfield Elementary School Middle Regular 820 37 8
Millennium High School High Regular 2,205 94 4

Litchfield Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Litchfield Elementary School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 37
8
GreatSchools Rating

Millennium High School

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

$301,500$368,500$335,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,236
Property Tax -$281
Property Insurance -$69
HOA -$19
Property Management Fees -$99
CASH FLOW
-$204

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.

$335,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,672

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,6004$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 3767 N 144th Drive Goodyear, AZ 1
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 14178 W Fairmount Avenue Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2001
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.77
    •  
  • 14271 W Clarendon Avenue Goodyear, AZ 3
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 2000
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $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
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 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
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
PROPERTY LISTING DETAILS
Barry A Cox
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153889
Last Updated: 11/27/2020
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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