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16116 W Washington Street Goodyear, AZ 85338

3 Beds 2 Baths 1,266 sqft Built 1999

$299,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $236.18
  • 2 Days on Market
  • MLS # : 6190910
  • Updated Date : 02/06/2021 at 20:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,266 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful remodeled home located in a Cul de Sac within WildFlower Ranch Community in Goodyear. This home features new Luxury Vinyl Plank flooring throughout the home, new carpet in bedrooms, matching Quartz countertops in Kitchen and Bathrooms, stainless steel appliances, Gas Range oven, LED lights thought the house, Just painted inside and out, storage cabinet in the garage and windows sunscreen.

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
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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$1,039
Property Tax -$218
Property Insurance -$52
HOA -$5
Property Management Fees -$99
CASH FLOW
-$162

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.

$299,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,267

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
  • $1,313

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3954$1,3955$1,500
$1,500
RENT COMPS ANALYSIS
  • 16116 W Washington Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16056 W Madison Street Goodyear, AZ 2
    • 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
    •  
  • 16176 W Adams Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2000
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.97
    •  
  • 16115 W Adams Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 1999
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.11
    •  
  • 16177 W Monroe Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2000
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jose Esquivel
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190910
Last Updated: 02/06/2021
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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