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4558 N 153rd Lane Goodyear, AZ 85395

5 Beds 4 Baths 4,382 sqft Built 2006

INVESTimate

$465,000

List Price

$2,450

$2,205 - $2,695

Rent Est.

$488,948  ( +5.15%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $106.12
  • 8 Days on Market
  • MLS # : 6119557
  • Updated Date : 08/20/2020 at 11:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,382 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Fabulous 5 Beds and 3.5 baths home with beautiful details inside and out on an oversized lot. Spacious 4,382 sq ft floor plan that includes a formal living room with vaulted ceilings, formal dining room, and bright open great room with laminate flooring, media niche, access to the backyard and a wet bar with counter seating. The kitchen has an abundance of cabinetry, granite counters, black appliances including a gas cooktop with range hood & multiple wall ovens, kitchen island with breakfast bar seating and naturally lit casual dining area. Upstairs includes the large loft, 3 secondary bedrooms and the master retreat. The split master retreat has double door entry, two-way fireplace, roomy walk-in closet, and attached bath with dual sink vanity, cozy soaking tub adjacent to the fireplace

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
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,716
Property Tax -$415
Property Insurance -$113
HOA -$66
Property Management Fees -$99
CASH FLOW
$42

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.

$465,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.15%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$32,913

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.56

    LIST RENT PER SQFT
  • $2,585

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,4504$2,6005$2,900
$2,900
RENT COMPS ANALYSIS
  • 4558 N 153rd Lane Goodyear, 3
    • 5 beds 4 baths ∙ 4,382 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,382 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.56
    •  
  • 15029 W Coolidge Street Goodyear, 1
    • 6 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006 6 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.53
    •  
  • 15043 W Pierson Street Goodyear, 2
    • 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2007
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.53
    •  
  • 4714 N 151st Drive Goodyear, 4
    • 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,134 Sqft ∙ Built 2006
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.63
    •  
  • 756 W Mesquite Lane Litchfield Park, 5
    • 4 beds 4 baths ∙ 4,358 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,358 Sqft ∙ Built 2005
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.67
    •  
PROPERTY LISTING DETAILS
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119557
Last Updated: 08/20/2020
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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