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1036 N 168th Drive Goodyear, AZ 85338

4 Beds 2 Baths 1,717 sqft Built 2016

$309,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $180.49
  • 2 Days on Market
  • MLS # : 6163514
  • Updated Date : 11/21/2020 at 10:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,717 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome to your new home backing a green common area (Premium LOT!). This ready to go turn key property features an open floor plan making it a warm and inviting space. The open concept kitchen showcases center island for prep & breakfast bar, stainless steel appliances, granite counters, pantry, and plenty of cabinets great for the family chef. Spread out and relax on the split master suite boasting an en-suite bath with dual sinks, step-in shower, and walk-in closet. Talk about the perfect private space for couples! In the charming backyard, you can enjoy your favorite morning and/or evening beverage while gazing at the greenbelt. Call for a private viewing and start packing! Location Location Location. Near Major retail / I-10 /Loop 303, schools, parks & entertainment districts.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glen River at Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $95k302k

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

Neighborhood: Glen River at Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9231646

* 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
Desert Thunder School Primary Regular 636 26 5
Desert Thunder School Middle Regular 636 26 5
Verrado High School High Regular 1,855 74 4

Desert Thunder School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Desert Thunder School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Verrado High School

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

$278,910$340,890$309,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,143
Property Tax -$201
Property Insurance -$61
HOA -$80
Property Management Fees -$99
CASH FLOW
-$74

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.

$309,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.49%

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

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$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,320

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,511

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4503$1,5104$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 1036 N 168th Drive Goodyear, AZ 3
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.88
    •  
  • 16674 W Moreland Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2001
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.89
    •  
  • 16833 W Roosevelt Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2007
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 996 N 168th Drive Goodyear, AZ 4
    • 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,843 Sqft ∙ Built 2017
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 16790 W Fillmore Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2001
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
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 #: 6163514
Last Updated: 11/21/2020
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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