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16055 W Desert Bloom Street Goodyear, AZ 85338

3 Beds 2 Baths 1,347 sqft Built 1996

$260,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $193.02
  • 2 Days on Market
  • MLS # : 6184962
  • Updated Date : 01/24/2021 at 00:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,347 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This is very nice home with vaulted ceilings, and travertine tile in the living areas, and carpet and laminate in the bedrooms. The living area is open and bright. The primary bedroom is large and includes a bathroom with a separate shower and tub, and a walk in closet! The backyard includes desert landscaping and a sparkling pool, with a nice covered patio, perfect for entertaining! The garage has built in cabinets for storage. Goodyear is growing fast! This fabulous home is located close to shopping, dining and to freeway access. See it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Wildflower Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $81k302k

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

Neighborhood: Wildflower Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8241646

* 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
Wildflower School Primary Regular 544 29 4
Wildflower School Middle Regular 544 29 4
Desert Edge High School High Regular 1,744 80 3

Wildflower School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 29
4
GreatSchools Rating

Wildflower School

  • Education Level: Middle
  • # of students: 544
  • # of teachers: 29
4
GreatSchools Rating

Desert Edge High School

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

$234,000$286,000$260,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$903
Property Tax -$188
Property Insurance -$53
HOA -$6
Property Management Fees -$99
CASH FLOW
$171

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.

$260,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.4%
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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$31,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,414

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3753$1,3754$1,4205$1,536
$1,536
RENT COMPS ANALYSIS
  • 16055 W Desert Bloom Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.05
    •  
  • 16056 W Madison Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.03
    •  
  • 16128 W Sherman Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1996
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.09
    •  
  • 16122 W Desert Bloom Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 1996
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.02
    •  
  • 15766 W Papago Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2002
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,536
    • $1.06
    •  
PROPERTY LISTING DETAILS
Laney K Brandt
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184962
Last Updated: 01/24/2021
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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