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16568 W Moreland Street Goodyear, AZ 85338

3 Beds 2 Baths 1,314 sqft Built 2002

$279,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $212.33
  • 5 Days on Market
  • MLS # : 6201625
  • Updated Date : 03/06/2021 at 22:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,314 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

WOW! Back Yard BBQ and Entertainment Ready! Beautiful Professionally Done Back Yard that includes a Grilling Center, Sitting Area and Covered Gazebo. This Comfy 3 Bedroom Home Features Neutral Colors, Tile Flooring in High Traffic Areas with Carpet in Bedrooms. Ceiling Fans throughout. Solar System is Owned, Water Heater was Replaced in 2016 and includes a Flow Tec Water Treatment System. Home has a Chlorine Filtration System. Welcome to this Move-In Ready 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
Verrado High School High Regular 1,855 74 4

Verrado High School

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

$251,100$306,900$279,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$969
Property Tax -$181
Property Insurance -$53
HOA -$65
Property Management Fees -$99
CASH FLOW
-$107

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.

$279,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.45%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,360

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3253$1,4004$1,4255$1,600
$1,600
RENT COMPS ANALYSIS
  • 16568 W Moreland Street Goodyear, AZ 1
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.96
    •  
  • 16595 W Moreland Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2002
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.01
    •  
  • 16589 W Belleview Street Goodyear, AZ 3
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2003
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.07
    •  
  • 610 N 167th Drive Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2002
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.98
    •  
  • 16611 W Culver Street Goodyear, AZ 5
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2018
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Danny Lopez
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201625
Last Updated: 03/06/2021
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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