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16185 W Winslow Drive Goodyear, AZ 85338

4 Beds 2 Baths 1,852 sqft Built 2018

$324,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $175.43
  • 3 Days on Market
  • MLS # : 6199861
  • Updated Date : 02/28/2021 at 05:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,852 sqft
  • Baths : 2 full
Listing Agent

Mashouses

Listing Agent's Description

Wow! What an enchanting home located in Goodyear! You will absolutely love the veneer accents on the fascade. As you enter, you'll be greeted by a carpeted living & dining area with a gorgeous chandelier. Continue into the immaculate eat-in kitchen to find everything you need; recessed lighting, subway back-splash, center island w/breakfast bar, & gleaming SS appliances. The house also includes 4 perfectly sized bedrooms, laundry room, and family room where you can entertain your guests. Charming and cozy master suite has its own walk-in closet and lavish bathroom with dual sinks, glass step-in shower, and separate tub for added comfort. This blank canvas backyard with covered patio is ready for your landscaping ideas. What are you waiting for? Come take a look before it is too late!

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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 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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,129
Property Tax -$250
Property Insurance -$63
HOA -$90
Property Management Fees -$99
CASH FLOW
-$131

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.

$324,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.46%

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-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,768

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,565

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5003$1,5504$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 16185 W Winslow Drive Goodyear, AZ 2
    • 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 16023 W Williams Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2004
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 15966 W Larkspur Drive Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2003
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 2085 S 160th Lane Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2005
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 2178 S 156th Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2005
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Hector A Anduray
Mashouses
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199861
Last Updated: 02/28/2021
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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