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16164 W Holly Street Goodyear, AZ 85395

4 Beds 4 Baths 2,861 sqft Built 2013

$509,900

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $178.22
  • 3 Days on Market
  • MLS # : 6159863
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,861 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Desert Elegance best describes this beautiful home! Highly upgraded w/ 4 car garage sits on oversized lot and welcomes you w/ a beautiful paved courtyard complete with synthetic turf as you enter the courtyard into the home!***OWED SOLAR SYSTEM FOR EXTRA SAVINGS***Spacious Split floorplan home features soaring ceilings, 20 inch luxury tile floors in all main areas, plush carpet in all bedrooms, upgraded ceiling fans & window shutters! Gourmet Kitchen boasts Extended Custom Cabinetry w/ under cabinets lightning, Glass Backsplash,, Anderson French Door Along side built in Screens, Reverse Osmosis System, Granite Counters with Island, Stainless Steele Appl, Huge Pantry & more. Kitchen opens to a living room w/h built in surround system. Owner's Suite with an additional extra nook cabinet and

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k373k

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

Neighborhood: North Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10452177

* 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
Mabel Padgett Elementary School Primary Regular 868 38 8
Western Sky Middle School Middle Regular 994 41 8
Verrado High School High Regular 1,855 74 4

Mabel Padgett Elementary School

  • Education Level: Primary
  • # of students: 868
  • # of teachers: 38
8
GreatSchools Rating

Western Sky Middle School

  • Education Level: Middle
  • # of students: 994
  • # of teachers: 41
8
GreatSchools Rating

Verrado High School

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

$458,910$560,890$509,900

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,881
Property Tax -$452
Property Insurance -$83
HOA -$22
Property Management Fees -$99
CASH FLOW
-$348

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.

$509,900

PROJECTED PRICE

$2,190

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,881

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,203

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$2,1903$2,2004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 16164 W Holly Street Goodyear, AZ 2
    • 4 beds 4 baths ∙ 2,861 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,861 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.77
    •  
  • 16421 W Latham Street Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2019
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 16412 W Mckinley Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2003
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 2370 N 161st Avenue Goodyear, AZ 4
    • 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2011
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 15676 W Vernon Avenue Goodyear, AZ 5
    • 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,095 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
PROPERTY LISTING DETAILS
Alison Guelker
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159863
Last Updated: 11/13/2020
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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