Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

16247 W Jackson Street Goodyear, AZ 85338

5 Beds 3 Baths 2,493 sqft Built 1999

$319,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $128.32
  • 4 Days on Market
  • MLS # : 6190605
  • Updated Date : 02/19/2021 at 18:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,493 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This home has so much to offer. A+ grade school just down the street and a, spacious floor plan. New carpet, baseboards and paint throughout the home. Appliances less than 1 year old, air unit put in 2017 and an additional family area in the added space off the family room (permitted). One bedroom downstairs - has been used as office but does have a nice closet and also its own exit door from the house to outside. Beautifully landscaped yard with grass in the front and backyard with watering system. Here is a home that is ready for its new occupants. Be the first to see this ready to occupy family 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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,111
Property Tax -$231
Property Insurance -$76
HOA -$6
Property Management Fees -$99
CASH FLOW
$78

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.

$319,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.50%

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$14k$16k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$25,088

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,726

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7454$1,7955$1,825
$1,825
RENT COMPS ANALYSIS
  • 16247 W Jackson Street Goodyear, AZ 1
    • 5 beds 3 baths ∙ 2,493 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,493 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.64
    •  
  • 16740 W Pima Street Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
  • 16579 W Jackson Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2006
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.78
    •  
  • 99 S 165th Drive Goodyear, AZ 4
    • 6 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006 6 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.65
    •  
  • 16551 W Lilac Street Goodyear, AZ 5
    • 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.66
    •  
PROPERTY LISTING DETAILS
Angela Baca
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190605
Last Updated: 02/19/2021
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.

BESbswy