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1291 N 162nd Avenue Goodyear, AZ 85338

3 Beds 3 Baths 2,270 sqft Built 2019

$315,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $138.77
  • 2 Days on Market
  • MLS # : 6157290
  • Updated Date : 11/07/2020 at 17:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,270 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This spacious 2 story, open concept floor plan home is perfection! The white kitchen with center island, Whirlpool stainless appliances and gleaming granite is ideal for the cook who loves to entertain. The family room has a sliding door that opens to a covered back patio. There is also a cozy den and powder room on the main level. Beautiful grey wood grained porcelain tile unites the main level seamlessly. Upstairs boasts another large loft living space perfect for reading or a Netflix binge. The master bedroom suite offers privacy a large double vanity and walk in closet. Two additional bedrooms and hall bath serve to complete the living space. Finally, a large laundry room and huge storage room completes the upstairs living area. Two car garage. Move right in. nothing to do!

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
Desert Thunder School Primary Regular 636 26 5
Desert Thunder School Middle Regular 636 26 5
Desert Edge High School High Regular 1,744 80 3

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

Desert Edge High School

  • Education Level: High
  • # of students: 1,744
  • # of teachers: 80
3
GreatSchools Rating
 

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

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,162
Property Tax -$204
Property Insurance -$71
HOA -$87
Property Management Fees -$99
CASH FLOW
$86

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.54%

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) 3.00%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$85,475

INVESTMENT

$85,475

Down Payment
$78,750
Rehab Estimate
$2,000
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% 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

7.08

YEARS SAVED

$31,853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,737

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5253$1,6904$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 1291 N 162nd Avenue Goodyear, AZ 1
    • 3 beds 3 baths ∙ 2,270 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,270 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16353 W Latham Street Goodyear, AZ 2
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2016
    property image
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.79
    •  
  • 16633 W Melvin Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2001
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.76
    •  
  • 16632 W Culver Street Goodyear, AZ 4
    • 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
    •  
  • 31 N 163rd Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2002
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Brad Kimmelman
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157290
Last Updated: 11/07/2020
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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