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1555 S 158th Drive Goodyear, AZ 85338

3 Beds 2 Baths 2,240 sqft Built 2003

$339,999

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $151.79
  • 3 Days on Market
  • MLS # : 6206514
  • Updated Date : 03/12/2021 at 21:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,240 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This beauty is in the heart of Goodyear! Walk to Spring Training Baseball! Enjoy your community swimming pool! With 3 bedrooms and 2 full baths, plus a den/office this house affords you with over 2200 sf of gorgeous space for the family to spread out! Kitchen has tiled granite counters, upgraded hickory cabinets with hardware and decorator plant shelves add the charm! Great room and kitchen are the heart of this home! Eat in kitchen plus breakfast bar and a separate formal dining area make entertaining a breeze! Large closets everywhere! Custom master shower is a showstopper!! Upgraded larger baseboards add to the luxury! Original owners....this house has NEVER been a rental!! Pride of ownership is obvious!!

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PRICE & RENT TRENDS

Neighborhood: Estrella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k302k

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

Neighborhood: Estrella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621646

* 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 Edge High School High Regular 1,744 80 3

Desert Edge High School

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

$305,999$373,999$339,999

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,181
Property Tax -$227
Property Insurance -$71
HOA -$19
Property Management Fees -$99
CASH FLOW
-$67

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$339,999

PROJECTED PRICE

$1,530

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $254,999
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,5303$1,6004$1,7505$1,785
$1,785
RENT COMPS ANALYSIS
  • 1555 S 158th Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.68
    •  
  • 15956 W Cocopah Street Goodyear, AZ 1
    • 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2006
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.64
    •  
  • 16000 W Bartlett Avenue Goodyear, AZ 3
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2006
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 15532 W Hilton Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 2004
    property image
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 16050 W Mohave Street Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2006
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.85
    •  
PROPERTY LISTING DETAILS
James Dens
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206514
Last Updated: 03/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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