Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3847 N 150th Lane Goodyear, AZ 85395

2 Beds 3 Baths 1,671 sqft Built 1993

$424,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $253.74
  • 62 Days on Market
  • MLS # : 6158413
  • Updated Date : 12/28/2020 at 10:27
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,671 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Scottsdale Llc

Listing Agent's Description

Unconfined Elegance!!!!..Strictly Suited to Your Fine Taste!!!....Home Sits On Premium Elevated Lot Backing to the Greenbelt and Golf Course Tee Boxes in Pebblecreek,Gracefully Private !!!!Light and Bright Open Floor Plan with Vaulted Ceilings!!!New Kitchen with Enormous Island!!!Semi Custom Cabinets!!!!New Appliances and New Water Resistant Flooring!!!!..New Bathrooms with Custom Shower Doors!!!!,Toto Toilet...New Tiled Flooring .....but that's just part of the story......Check us out!!!Charmingly Different!!!

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
 

$381,600$466,400$424,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,473
Property Tax -$412
Property Insurance -$60
HOA -$38
Property Management Fees -$99
CASH FLOW
-$492

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.

$424,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.38%

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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,110

INVESTMENT

$118,110

Down Payment
$106,000
Rehab Estimate
$5,750
Closing Costs
$6,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,000
Loan Amount $318,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$265

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
  • $1,587

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2753$1,6004$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 3847 N 150th Lane Goodyear, AZ 1
    • 2 beds 3 baths ∙ 1,671 Sqft ∙ Built 1993 2 beds 3 baths ∙ 1,671 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14314 W Cora Lane Goodyear, AZ 2
    • 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2001
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.88
    •  
  • 15202 W Vale Drive Goodyear, AZ 3
    • 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
    •  
  • 270 W Tainter Drive Litchfield Park, AZ 4
    • 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1978
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 3048 N 152nd Drive Goodyear, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Stan Zarkowski
Realty One Scottsdale Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158413
Last Updated: 12/28/2020
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.

BESbswy