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16405 W Washington Street Goodyear, AZ 85338

4 Beds 2 Baths 2,313 sqft Built 2003

$320,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $138.35
  • 3 Days on Market
  • MLS # : 6157274
  • Updated Date : 11/06/2020 at 14:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,313 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful 4 bed, 2 bath home in a desirable neighborhood! Step inside to find a gorgeous floor plan comprised of formal living & dining room, vaulted ceilings, neutral paint throughout, and ample family room. Fabulous kitchen includes island w/breakfast bar, plenty of cabinets, and all matching black appliances. Very spacious master suite features private exit and a full bath with dual sinks, separate tub/shower, and mirrored sliding doors in walk-in closet. Low maintenance backyard has covered patio, an above ground spa, and palm trees planted in the yard that will continue to mature to add privacy. Schedule a showing today, you won't be disappointed!

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
Copper Trails School Primary Regular 922 39 6
Copper Trails School Middle Regular 922 39 6
Desert Edge High School High Regular 1,744 80 3

Copper Trails School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Copper Trails School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Desert Edge High School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,181
Property Tax -$213
Property Insurance -$72
HOA -$61
Property Management Fees -$99
CASH FLOW
-$46

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.

$320,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.49%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$18,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6903$1,7004$1,7455$1,750
$1,750
RENT COMPS ANALYSIS
  • 16405 W Washington Street Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.68
    •  
  • 16633 W Melvin Street Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2001
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.76
    •  
  • 16632 W Culver Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 2018
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.75
    •  
  • 16579 W Jackson Street Goodyear, AZ 4
    • 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
    •  
  • 31 N 163rd Drive Goodyear, AZ 5
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2002
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Javier Vidana-avelar
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157274
Last Updated: 11/06/2020
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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