Property Information
Upcoming area of West Phoenix
Goodyear, AZ 85338
4 bdrm/ 2 bath - Built 2002
| General Information | |
|---|---|
| Square Feet | 2,232 |
| Purchase Price | $415,000 |
| Initial Market Value | $415,000 |
| Downpayment | $124,500 |
| Closing Costs | $18,260 |
| Initial Cash Invested | $142,760 |
| Income & Expenses | Monthly | Annual |
|---|---|---|
| Gross Rent | $2,300 | $27,600 |
| Vacancy Losses | $184 | $2,208 |
| Operating Income | $2,116 | $25,392 |
| Operating Expenses | $373 | $4,470 |
| Financial Indicators | |
|---|---|
| Capitalization Rate | 5.0% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 19% |
| Net Performance | Monthly | Annual |
|---|---|---|
| Net Operating Income | $1,744 | $20,922 |
| - Mortgage Payments | $1,604 | $19,246 |
| = Cash Flow | $140 | $1,676 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $2,075 | $24,900 |
| = Gross Equity Income | $2,215 | $26,576 |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 0% |
| Comments |
|---|
| Listing price is $425k. Suggested offer price $415k. Walking distance to K-8 School. New high school coming soon nearby! Seller offering 1 year free PM. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
Learn How to Read a Performa