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16397 W Latham Street Goodyear, AZ 85338

3 Beds 3 Baths 1,931 sqft Built 2018

$284,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $147.54
  • 3 Days on Market
  • MLS # : 6156153
  • Updated Date : 11/13/2020 at 23:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,931 sqft
  • Baths : 2 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

Gorgeous move-in Ready home in Goodyear! 3 Bedrooms plus a Loft**2.5 Baths**Like Brand new and still under builder warranty**Gourmet Kitchen with Upgraded Cabinets having low pullout shelves/self closing drawers, Tasteful Granite Counter tops, Island, Designer Back Splash and Stainless Steel Appliances**Custom Paint throughout**New Style Tile throughout the Down Stairs**Spacious Master Suite with adjoining Master Bath with garden tub for relaxing baths**Ceiling Fans Throughout**Superb designed back yard with added concrete and artificial grass perfect for Family Gatherings and Entertaining**Wonderful community with a pool, nearby schools, quick access to the freeway, a series of nearby shopping and restaurants. Don't miss out on this exceptional opportunity to own this Gorgeous Home!

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 Thunder School Primary Regular 636 26 5
Desert Thunder School Middle Regular 636 26 5
Verrado High School High Regular 1,855 74 4

Desert Thunder School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Desert Thunder School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Verrado High School

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

$256,410$313,390$284,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,051
Property Tax -$185
Property Insurance -$65
HOA -$86
Property Management Fees -$99
CASH FLOW
$134

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.

$284,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.57%

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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$33,948

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,617

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5003$1,6204$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 16397 W Latham Street Goodyear, AZ 3
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.84
    •  
  • 1290 N 165th Avenue Goodyear, AZ 1
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.78
    •  
  • 1254 N 165th Avenue Goodyear, AZ 2
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.78
    •  
  • 16478 W Culver Street Goodyear, AZ 4
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 16377 W Latham Street Goodyear, AZ 5
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2016
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Susan Nevel
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156153
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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