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

16329 W Wilshire Drive Goodyear, AZ 85395

2 Beds 2 Baths 1,857 sqft Built 2007

$419,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $225.63
  • 2 Days on Market
  • MLS # : 6158307
  • Updated Date : 11/14/2020 at 11:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,857 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Popular great room floor plan on a premium lot, fantastic curb appeal. The views of the exceptionally large common area gives you the feeling you are out in the country. The well maintained interior is immaculate, features a bright and open floor plan, with solar tubes strategically placed. Gorgeous 18x18 neutral tile throughout. Plantation Shutters in every room. The kitchen looks out from the breakfast area bay window to the pergola covered patio and common area. Kitchen features stone counters, oak cabinetry, pull out drawers, generous sized pantry, R/O, pendant lighting above breakfast bar. Stainless Steel refrigerator, electric smooth top range, built-in microwave & dishwasher. Master bedroom features Bay Window, duel sinks, large shower with bench seat, walk-in master closet.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pebblecreek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k405k

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

Neighborhood: Pebblecreek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Scott L. Libby Elementary School Primary Regular 744 33 8
Scott L. Libby Elementary School Middle Regular 744 33 8
Verrado High School High Regular 1,855 74 4

Scott L. Libby Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Scott L. Libby Elementary School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,546
Property Tax -$407
Property Insurance -$63
HOA -$38
Property Management Fees -$99
CASH FLOW
-$253

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.

$419,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$0.0$5.0k$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$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,819

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,908

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9004$1,9505$2,200
$2,200
RENT COMPS ANALYSIS
  • 16329 W Wilshire Drive Goodyear, AZ 3
    • 2 beds 2 baths ∙ 1,857 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,857 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 15815 W Windsor Avenue Goodyear, AZ 1
    • 2 beds 3 baths ∙ 1,783 Sqft ∙ Built 2012 2 beds 3 baths ∙ 1,783 Sqft ∙ Built 2012
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
  • 16038 W Windsor Avenue Goodyear, AZ 2
    • 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2004
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 3051 N 160th Avenue Goodyear, AZ 4
    • 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2001
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
  • 15384 W Piccadilly Road Goodyear, AZ 5
    • 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,154 Sqft ∙ Built 1996
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
PROPERTY LISTING DETAILS
Edward A Elliott
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158307
Last Updated: 11/14/2020
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.

BESbswy