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1116 N 168th Drive Goodyear, AZ 85338

3 Beds 2 Baths 1,605 sqft Built 2016

$315,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $196.26
  • 6 Days on Market
  • MLS # : 6159159
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,605 sqft
  • Baths : 2 full
Listing Agent

Rattler Realty, Llc

Listing Agent's Description

Beautiful home with spacious and bright kitchen, Open Floor plan, Kitchen has 42'' cabinets, tile and carpet in all the right places, walk-in pantry, island with breakfast bar. Eat-in kitchen exits to fenced back yard with covered patio, overlooking beautiful green belt. Split master with huge walk-in closet, large walk-in shower and double sinks. all appliances included. Close to freeways, shopping, restaurants and entertainment.

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,162
Property Tax -$204
Property Insurance -$58
HOA -$80
Property Management Fees -$99
CASH FLOW
-$214

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.

$315,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

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

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$89,225

INVESTMENT

$89,225

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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 $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,392

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3903$1,4004$1,4205$1,450
$1,450
RENT COMPS ANALYSIS
  • 1116 N 168th Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.87
    •  
  • 16629 W Belleview Street Goodyear, AZ 1
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2003
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.84
    •  
  • 16626 W Belleview Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2003
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 16674 W Moreland Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2001
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.89
    •  
  • 16833 W Roosevelt Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2007
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
PROPERTY LISTING DETAILS
Sylvia Liszka
Rattler Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159159
Last Updated: 11/13/2020
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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