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4464 N 151st Drive Goodyear, AZ 85395

4 Beds 3 Baths 3,341 sqft Built 2007

$439,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $131.67
  • 2 Days on Market
  • MLS # : 6168126
  • Updated Date : 12/05/2020 at 04:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,341 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

BEAUTIFUL 4 BEDROOM HOME WITH LOFT ON ALMOST 1/4 ACRE LOT! 3 CAR GARAGE AND RV GATE! EXCELLENT LOCATION IN SOUGHT-AFTER PALM VALLEY NEAR SCHOOLS AND PARKS! This spacious home boasts vaulted ceilings, Living Room/Formal Dining Room area, open concept Kitchen/Family Room, granite countertops, upgraded cabinets with crown molding, newer GE appliances (2019), breakfast bar, Kitchen island, upgraded tile flooring, newer carpets with upgraded pad (2019), two tone paint throughout (2019), downstairs Master Bedroom with bay window, double sinks at Master and Upstairs Baths, large Loft, spacious bedrooms, curtains and venetian blinds, storage racks, and more. Outside you'll enjoy the large back yard with lawn, paver border, covered patio, flowerbeds, firepit, & plenty of room for a pool! Must see!

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
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,623
Property Tax -$390
Property Insurance -$92
HOA -$24
Property Management Fees -$99
CASH FLOW
$122

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.

$439,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.53%

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$1.0M$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$40,503

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
  • $2,832

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2753$2,7954$3,2505$3,300
$3,300
RENT COMPS ANALYSIS
  • 4464 N 151st Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 3,341 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,341 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4280 N 157th Avenue Goodyear, AZ 2
    • 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.74
    •  
  • 14210 W Greentree Drive S Litchfield Park, AZ 3
    • 4 beds 3 baths ∙ 3,642 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,642 Sqft ∙ Built 1998
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.77
    •  
  • 775 W Azure Lane Litchfield Park, AZ 4
    • 4 beds 3 baths ∙ 3,415 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,415 Sqft ∙ Built 2005
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.95
    •  
  • 4866 N Escondido Place Litchfield Park, AZ 5
    • 4 beds 4 baths ∙ 3,559 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,559 Sqft ∙ Built 2008
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Todd Heilesen
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168126
Last Updated: 12/05/2020
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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