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1001 S 167th Lane Goodyear, AZ 85338

4 Beds 3 Baths 1,976 sqft Built 2006

$314,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $159.36
  • 5 Days on Market
  • MLS # : 6164893
  • Updated Date : 11/28/2020 at 11:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,976 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Take a look at this beautiful two-story home in Goodyear! Featuring PREMIUM OVERSIZED LOT / CUL DE SAC,, 2 car garage, and RV gate. This 4 bed, 2.5 bath home is everything you have been looking for! The gorgeous interior boasts an impeccable open floor with living & dining that flow seamlessly. Understated elegance & subtle modernity mix in this refined white kitchen equipped with stainless steel appliances, natural granite counters, and shaker cabinets. The oversized loft is ideal for an entertainment area or kids retreat area. The 1st floor master suite has a walk-in closet, large vanity, and tub/shower combo, The huge backyard is a dream with a lush grassy area, fragrant citrus trees, and a large slab patio. So much beauty cannot be described with words. **Agents** Must use showing time

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k302k

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

Neighborhood: Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9311646

* 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
Copper Trails School Primary Regular 922 39 6
Copper Trails School Middle Regular 922 39 6
Verrado High School High Regular 1,855 74 4

Copper Trails School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Copper Trails School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,162
Property Tax -$210
Property Insurance -$66
HOA -$76
Property Management Fees -$99
CASH FLOW
-$33

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$314,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,773

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,5953$1,7504$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 1001 S 167th Lane Goodyear, AZ 1
    • 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.80
    •  
  • 16136 W Desert Bloom Street Goodyear, AZ 2
    • 5 beds 3 baths ∙ 1,993 Sqft ∙ Built 1996 5 beds 3 baths ∙ 1,993 Sqft ∙ Built 1996
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
  • 16564 W Sherman Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 17380 W Lilac Street Goodyear, AZ 4
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2007
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 16375 W Woodlands Avenue Goodyear, AZ 5
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Martin C Sears
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164893
Last Updated: 11/28/2020
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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