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1165 N 164th Avenue Goodyear, AZ 85338

4 Beds 3 Baths 2,537 sqft Built 2015

$346,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $136.38
  • 2 Days on Market
  • MLS # : 6181718
  • Updated Date : 01/16/2021 at 19:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,537 sqft
  • Baths : 3 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

Built in 2015, this Goodyear two-story home offers a two-car garage. This home is vacant and cleaned regularly.

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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
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
 

$311,400$380,600$346,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,202
Property Tax -$224
Property Insurance -$77
HOA -$104
Property Management Fees -$99
CASH FLOW
-$36

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.

$346,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.48%

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,440

INVESTMENT

$97,440

Down Payment
$86,500
Rehab Estimate
$5,750
Closing Costs
$5,190

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,202

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,500
Loan Amount $259,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$16,632

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,757

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5503$1,6704$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 1165 N 164th Avenue Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.66
    •  
  • 16654 W Culver Street Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 2002
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.66
    •  
  • 16247 W Moreland Street Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2003
    property image
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.69
    •  
  • 16421 W Latham Street Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2019
    property image
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 16632 W Culver Street Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2018
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.75
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181718
Last Updated: 01/16/2021
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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