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16636 W Culver Street Goodyear, AZ 85338

3 Beds 3 Baths 1,931 sqft Built 2018

$265,500

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $137.49
  • 2 Days on Market
  • MLS # : 6165515
  • Updated Date : 11/27/2020 at 23:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,931 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Impeccable Move-In Ready home in Goodyear, like new condition and shows like a model. 3 Bedroom 2.5 Bath with spacious loft. Stunning bright kitchen with white cabinets, large island available for seating and lovely wood-like plank flooring. The backyard is a blank slate ready for your creative touch. Located in a quiet cul de sac. This home is easily accessible to the freeway and will not last long. You won't want to miss it.

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
 

$238,950$292,050$265,500

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$980
Property Tax -$172
Property Insurance -$65
HOA -$86
Property Management Fees -$99
CASH FLOW
$159

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.

$265,500

PROJECTED PRICE

$1,560

PROJECTED RENT

0.59%

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$76,108

INVESTMENT

$76,108

Down Payment
$66,375
Rehab Estimate
$5,750
Closing Costs
$3,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$980

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,375
Loan Amount $199,125
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$35,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4994$1,5005$1,700
$1,700
RENT COMPS ANALYSIS
  • 16636 W Culver Street Goodyear, AZ 1
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16502 W Garfield Street Goodyear, AZ 2
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 1290 N 165th Avenue Goodyear, AZ 3
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.78
    •  
  • 1254 N 165th Avenue Goodyear, AZ 4
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.78
    •  
  • 16478 W Culver Street Goodyear, AZ 5
    • 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,931 Sqft ∙ Built 2017
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mae M Sacdalan
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165515
Last Updated: 11/27/2020
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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