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1612 S 172nd Lane Goodyear, AZ 85338

4 Beds 2 Baths 1,527 sqft Built 2003

$279,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $183.30
  • 4 Days on Market
  • MLS # : 6205409
  • Updated Date : 03/13/2021 at 21:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,527 sqft
  • Baths : 2 full
Listing Agent

Homebright

Listing Agent's Description

WOW. WOW. WOW.A RARE 4 BEDROOM 2 BATHROOM HOME IN COTTONFLOWER !!!THIS HOME IS PRICED TO SELL AND WILL GO QUICKLY.IT IS A WONDERFUL FLOORPLAN WITH A NICE GREAT ROOM, EAT IN KITCHEN, 4TH BEDROOM AT THE FRONT OF THE HOUSE, WHICH CAN ALSO BE AN OFFICE, TILE IN ALL THE RIGHT PLACES, PRIVATE BACK YARD, CORNER LOT, VAULTED CEILINGS, AND SO MUCH MORE.THANK YOU SO MUCH FOR YOUR INTEREST AND FOR SHOWING.IT IS GOING TO GO QUICKLY.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cottonflower

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $96k302k

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

Neighborhood: Cottonflower

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9031646

* 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
Verrado High School High Regular 1,855 74 4

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$251,910$307,890$279,900

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 -$972
Property Tax -$217
Property Insurance -$57
HOA -$20
Property Management Fees -$99
CASH FLOW
$55

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.

$279,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$21,075

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
  • $0.93

    LIST RENT PER SQFT
  • $1,538

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4753$1,5004$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 1612 S 172nd Lane Goodyear, AZ 1
    • 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.93
    •  
  • 1661 S 171st Drive Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2002
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.97
    •  
  • 17278 W Mohave Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 2004
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
  • 17260 W Navajo Street Goodyear, AZ 4
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 2004
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 1507 S 171st Lane Goodyear, AZ 5
    • 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,527 Sqft ∙ Built 2001
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
PROPERTY LISTING DETAILS
Alan Blair Davis
Homebright
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205409
Last Updated: 03/13/2021
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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