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16106 W Williams Street Goodyear, AZ 85338

4 Beds 3 Baths 2,719 sqft Built 2006

$325,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $119.53
  • 2 Days on Market
  • MLS # : 6155030
  • Updated Date : 11/02/2020 at 11:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,719 sqft
  • Baths : 3 full
Listing Agent

Rosemond Real Estate

PRICE & RENT TRENDS

Neighborhood: Sarival Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $94k302k

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

Neighborhood: Sarival Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8761646

* 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 Star School Primary Regular 710 30 5
Desert Star School Middle Regular 710 30 5
Desert Edge High School High Regular 1,744 80 3

Desert Star School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 30
5
GreatSchools Rating

Desert Star School

  • Education Level: Middle
  • # of students: 710
  • # of teachers: 30
5
GreatSchools Rating

Desert Edge High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,199
Property Tax -$250
Property Insurance -$80
HOA -$21
Property Management Fees -$99
CASH FLOW
-$20

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.

$325,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$21,189

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
  • $1,740

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,6504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 16106 W Williams Street Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15844 W Apache Street Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2000
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.61
    •  
  • 16110 W Miami Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.61
    •  
  • 2725 S 155th Lane Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.66
    •  
  • 2720 S 155th Lane Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,504 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,504 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
PROPERTY LISTING DETAILS
Thiogest Rosemond
Rosemond Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155030
Last Updated: 11/02/2020
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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