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16443 W Mesquite Drive Goodyear, AZ 85338

4 Beds 3 Baths 3,037 sqft Built 2015

$419,990

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $138.29
  • 5 Days on Market
  • MLS # : 6176991
  • Updated Date : 02/03/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,037 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Goodyear Arizona home for sale 85338. This highly upgraded and well maintained one owner home shows like a model. Owners have added lots of personal touches and upgrades to include paver driveway and paver driveway to RV Gate, oversized tile on main living floor, custom paint and window treatments. Home is situated on an oversized lot (just under 9500 square feet) that has a finished backyard with trees, grass and great views of the Estrella Mountains to the south. Master bedroom is on the main floor as is an office and laundry room. Upstairs loft and 3 additional generous sized bedrooms. 3 car tandem garage and an RV gate too...this one checks all of the boxes!

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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
 

$377,991$461,989$419,990

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,459
Property Tax -$280
Property Insurance -$86
HOA -$80
Property Management Fees -$99
CASH FLOW
-$14

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.

$419,990

PROJECTED PRICE

$1,990

PROJECTED RENT

0.47%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,047

INVESTMENT

$117,047

Down Payment
$104,998
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,998
Loan Amount $314,993
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$22,981

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,187

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,9903$2,0004$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 16443 W Mesquite Drive Goodyear, AZ 2
    • 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.66
    •  
  • 16551 W Lilac Street Goodyear, AZ 1
    • 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.66
    •  
  • 742 N 166th Lane Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2001
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.67
    •  
  • 16412 W Mckinley Street Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2003
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 401 S 166th Drive Goodyear, AZ 5
    • 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
PROPERTY LISTING DETAILS
Charles Texidor
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176991
Last Updated: 02/03/2021
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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