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1632 S 159th Avenue Goodyear, AZ 85338

4 Beds 3 Baths 2,472 sqft Built 2003

$375,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $151.70
  • 3 Days on Market
  • MLS # : 6159780
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,472 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homelogic Real Estate

Listing Agent's Description

GREAT property with a GORGEOUS Dec 2019 built Pebble Tec swimming pool w/waterfall surrounded by COOL limestone decking!! Surrounded by 1 story homes, this PRIVATE backyard OASIS also has a fantastic 2019 wood pergola and an extended covered patio - the perfect backyard for entertaining and living! So many upgrades to this property! In 2017, a new A/C unit, new water heater, new patio roof, exterior paint & master bath upgraded! Kitchen cabinets freshly painted + stainless appliance suite! Open concept living with family room and separate living room! Garage w/lots of custom built-in cabinets & epoxy flooring! RV Gate! FANTASTIC location close Goodyear Ball Park, BASIS School and the Goodyear City Park (in process), restaurants and shopping! Low HOA! Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k302k

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

Neighborhood: Estrella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621646

* 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 Star School Primary Regular 710 30 5
Desert Star School Middle Regular 710 30 5
Desert Edge High School High Regular 1,744 80 3

Desert Star School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 30
5
GreatSchools Rating

Desert Star School

  • Education Level: Middle
  • # of students: 710
  • # of teachers: 30
5
GreatSchools Rating

Desert Edge High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,384
Property Tax -$250
Property Insurance -$75
HOA -$42
Property Management Fees -$99
CASH FLOW
-$310

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.

$375,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
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-$6.0k-$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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,315

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,576

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,5404$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 1632 S 159th Avenue Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.62
    •  
  • 15835 W Supai Drive Goodyear, AZ 1
    • 3 beds 3 baths ∙ 2,496 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,496 Sqft ∙ Built 2002
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.56
    •  
  • 15844 W Apache Street Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2000
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.61
    •  
  • 16000 W Bartlett Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2006
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 15642 W Mohave Street Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
PROPERTY LISTING DETAILS
Timothy J Cusick
Homelogic Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159780
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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