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16139 W Lincoln Street Goodyear, AZ 85338

3 Beds 2 Baths 1,159 sqft Built 1997

$260,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $224.33
  • 2 Days on Market
  • MLS # : 6186742
  • Updated Date : 01/31/2021 at 02:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,159 sqft
  • Baths : 2 full
Listing Agent

Century 21 Toma Partners

Listing Agent's Description

Nestled in a cul-de-sac, bordered by the green belt, this Wildflower Ranch villa is sparkling clean and ready for you to move in. Enjoy the very quiet location yet still be walking distance to shopping and schools. Save money with the solar panels (owned, not leased) that dramatically reduce your electric costs. The home has been lovingly cared for including nice touches like updated baseboards for the tiled floors, new garage door and freshly painted garage floor. Kitchen includes new (2020) counters, new dishwasher and disposal. Outdoor life in the backyard is peaceful and low maintenance, due to the artificial turf. A wonderful home for families young and old.

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
 

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

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$903
Property Tax -$188
Property Insurance -$50
HOA -$6
Property Management Fees -$99
CASH FLOW
-$5

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

$1,240

PROJECTED RENT

0.48%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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 50% 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

5.33

YEARS SAVED

$14,642

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
  • $1,243

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3754$1,3755$1,450
$1,450
RENT COMPS ANALYSIS
  • 16139 W Lincoln Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,159 Sqft ∙ Built 1997
    • 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
    •  
  • 16128 W Sherman Street Goodyear, AZ 3
    • 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 4
    • 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
    •  
  • 16124 W Lincoln Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1997
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.15
    •  
PROPERTY LISTING DETAILS
Melody S Garland
Century 21 Toma Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186742
Last Updated: 01/31/2021
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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