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16241 W Grant Street Goodyear, AZ 85338

4 Beds 3 Baths 1,917 sqft Built 1998

$350,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $182.58
  • 6 Days on Market
  • MLS # : 6207952
  • Updated Date : 03/17/2021 at 19:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,917 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Amazing and highly sought after floorplan in Wildflower Ranch, come see this charming home that has a freshly painted exterior as well as neutral finishes inside. The kitchen's brand new granite countertops are highlighted by the abundance of sunlight coming in from the newly renovated Arizona Room that leads to a backyard oasis with mature landscaping and sparkling blue pool. The huge master retreat is located on the first floor with 3 additional bedrooms and full bathroom with dual sinks upstairs. Also upstairs, enjoy the quiet loft area with built in desk. Don't pass this one up, your clients will LOVE this home!

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,216
Property Tax -$253
Property Insurance -$65
HOA -$6
Property Management Fees -$99
CASH FLOW
-$87

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.

$350,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.44%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,610

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4753$1,5504$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 16241 W Grant Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 1,917 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,917 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 15994 W Jackson Street Goodyear, AZ 1
    • 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
    •  
  • 15963 W Yavapai Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2008
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 16521 W Madison Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2006
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 16564 W Sherman Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Samuel Phistry
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207952
Last Updated: 03/17/2021
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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