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16395 W Monroe Street Goodyear, AZ 85338

3 Beds 2 Baths 1,611 sqft Built 2004

$323,500

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $200.81
  • 2 Days on Market
  • MLS # : 6209978
  • Updated Date : 03/21/2021 at 03:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,611 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Open house 11am-2pm Sunday 03/21/2021 Wow! This alluring open floor plan has it all! From ceiling fans and neutral paint to a huge backyard with lots of potential for customization. Home also includes a den great for an office, 3 carpeted bedrooms, laundry room, and a large great room filled with natural light. Stunning eat-in kitchen is equipped with maple cabinets, granite counter-tops, SS appliances, and tile back-splash. Grand master bedroom with private en-suite and walk-in closet is sure to impress. House is conveniently close to excellent schools, parks, and shopping. This home won't last long! Make it yours before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k302k

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

Neighborhood: Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9311646

* 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
 

$291,150$355,850$323,500

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 -$1,124
Property Tax -$216
Property Insurance -$59
HOA -$130
Property Management Fees -$99
CASH FLOW
-$77

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$323,500

PROJECTED PRICE

$1,550

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,478

INVESTMENT

$91,478

Down Payment
$80,875
Rehab Estimate
$5,750
Closing Costs
$4,853

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,124

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,875
Loan Amount $242,625
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$12,131

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
  • $0.96

    LIST RENT PER SQFT
  • $1,551

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5204$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 16395 W Monroe Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 16632 W Fillmore Street Goodyear, AZ 1
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2004
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 16177 W Monroe Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2000
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
  • 337 N 166th Lane Goodyear, AZ 3
    • 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 2001
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.94
    •  
  • 16590 W Taylor Street Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2002
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
PROPERTY LISTING DETAILS
Bradley Watson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209978
Last Updated: 03/21/2021
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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