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3959 N 151st Lane Goodyear, AZ 85395

2 Beds 2 Baths 1,641 sqft Built 1993

$310,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $188.91
  • 83 Days on Market
  • MLS # : 6116607
  • Updated Date : 11/02/2020 at 10:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,641 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

SOLAR POWERED BEAUTIFUL HERITAGE MODEL with an oversized corner lot and great private backyard, extended covered paver patio with misting system. Well kept home with a good size living and family room, eat in kitchen with island and dining area, all with vaulted ceilings. Large master bedroom with direct access to patio through sliding door with vaulted ceiling also. Double vanity primary bathroom, soaking tub with separate shower and a walk in closet. Good size guest bedroom with step in closet and full bathroom right outside bedroom. Ceiling fans in every room for summer comfort. Plantation shutters and sun screens on most windows for extra privacy. Solar is a 24 panel 7.3kw system that generates 100% of current usage, so no APS bill. What else could you need? Come take a look today.

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,144
Property Tax -$305
Property Insurance -$59
HOA -$38
Property Management Fees -$99
CASH FLOW
-$205

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.

$310,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.46%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,534

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,2993$1,4404$1,6005$1,800
$1,800
RENT COMPS ANALYSIS
  • 3959 N 151st Lane Goodyear, AZ 3
    • 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,641 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.88
    •  
  • 14314 W Cora Lane Goodyear, AZ 1
    • 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
    •  
  • 14283 W Lexington Avenue Goodyear, AZ 2
    • 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,446 Sqft ∙ Built 2002
    LEASED 02/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.90
    •  
  • 15202 W Vale Drive Goodyear, AZ 4
    • 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
    •  
  • 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
Jeff Gilbert
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6116607
Last Updated: 11/02/2020
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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