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3966 N 143rd Lane Goodyear, AZ 85395

5 Beds 3 Baths 2,600 sqft Built 2001

$440,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $169.23
  • 4 Days on Market
  • MLS # : 6189871
  • Updated Date : 02/04/2021 at 20:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,600 sqft
  • Baths : 3 full
Listing Agent

Decker And Associates Realty, Llc

Listing Agent's Description

Fall in love with this incredible 5 bed/3 bath home! Relax under the covered front porch while gazing at your beautifully maintained front yard. Marvelous open floor plan! Interior lay out with formal living & dining room, built-in media niche & gas fireplace in family room & an awesome loft w/French doors that opens to a large balcony. Immaculate kitchen offers center island, plethora of white cabinets, SS appliances, and granite counters. Roomy master retreat has walk-in closet, full bath w/dual sinks & separate tub/shower, and an exit to the large balcony too! Backyard is comprised of built-in BBQ, basketball hoop, storage shed, custom gas fireplace & pristine pool. This backyard is an entertainer's dream for great memories. Don't forget about the RV gate!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wigwam

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Wigwam

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Millennium High School High Regular 2,205 94 4

Millennium High School

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

$396,000$484,000$440,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,528
Property Tax -$315
Property Insurance -$78
HOA -$44
Property Management Fees -$99
CASH FLOW
$36

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.

$440,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.0%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$26,820

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
  • $2,340

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2953$2,3504$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 3966 N 143rd Lane Goodyear, AZ 1
    • 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14454 W Verde Lane W Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1999
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.91
    •  
  • 951 W Orchard Lane Litchfield Park, AZ 3
    • 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.80
    •  
  • 14817 W Hillside Street Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 914 W Orchard Lane Litchfield Park, AZ 5
    • 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,927 Sqft ∙ Built 2005
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jessica M Robertson
Decker And Associates Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189871
Last Updated: 02/04/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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