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16236 W Mesquite Drive Goodyear, AZ 85338

4 Beds 3 Baths 1,780 sqft Built 1999

$285,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $160.11
  • 3 Days on Market
  • MLS # : 6170471
  • Updated Date : 12/12/2020 at 11:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,780 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Welcome Home. This beautiful well kept, 4 bedroom 2.5 bath is in Wildflower Ranch Community. Enter into Living, Dining space with high ceilings. Then walk into the Eat in Kitchen and family room. There's a Gas Stove and the French Patio doors both open up to the outside patio and pool. Large backyard with play area. Back yard is perfect for entertaining, patio has a nice touch of Saltillo paver flooring. All the bedrooms are upstairs. Master has two separate closets, tub and shower and dual sinks. Ceiling fans in rooms. Close proximity to park, shopping, dining, excellent location! North/South Exposure. Easy to show!

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
Wildflower School Primary Regular 544 29 4
Wildflower School Middle Regular 544 29 4
Desert Edge High School High Regular 1,744 80 3

Wildflower School

  • Education Level: Primary
  • # of students: 544
  • # of teachers: 29
4
GreatSchools Rating

Wildflower School

  • Education Level: Middle
  • # of students: 544
  • # of teachers: 29
4
GreatSchools Rating

Desert Edge High School

  • Education Level: High
  • # of students: 1,744
  • # of teachers: 80
3
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,052
Property Tax -$207
Property Insurance -$62
HOA -$51
Property Management Fees -$99
CASH FLOW
-$11

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.

$285,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.51%

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$1.0M

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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$18,459

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
  • $1,424

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3754$1,4255$1,525
$1,525
RENT COMPS ANALYSIS
  • 16236 W Mesquite Drive Goodyear, AZ 1
    • 4 beds 3 baths ∙ 1,780 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,780 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15994 W Jackson Street Goodyear, AZ 2
    • 3 beds 3 baths ∙ 1,735 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,735 Sqft ∙ Built 2001
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.78
    •  
  • 15847 W Jefferson Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2000
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.86
    •  
  • 16036 W Morning Glory Street Goodyear, AZ 4
    • 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1999
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.77
    •  
  • 260 S 166th Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2006
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.79
    •  
PROPERTY LISTING DETAILS
Maria Medina
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170471
Last Updated: 12/12/2020
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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