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16651 S 175th Drive Goodyear, AZ 85338

2 Beds 2 Baths 1,714 sqft Built 2014

$340,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $198.37
  • 3 Days on Market
  • MLS # : 6165258
  • Updated Date : 11/28/2020 at 11:29
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,714 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Incredible unmatched hillside mountain view!..This captivating 2 bed + den, 2 bath home is now for sale in the active adult Canta Mia subdivision & nestled in the desirable master-master planned & amenity rich community of Estrella Mountain Ranch. Popular ''Ballad'' floor-plan w/fantastic curb appeal featuring low maintenance desert landscaping, 2 car garage, stone accented elevation, & decorative security door. Interior welcomes you w/neutral color palette, flowing tile, & a thoughtfully designed layout. Gorgeous kitchen w/upgraded staggered cabinets, granite counters, stainless steel appliances, & pendant lighting. Master bedroom is split from the other rooms for plenty of privacy for you & your guests.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cantamia at Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $95k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cantamia at Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* 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
Westar Elementary School Primary Regular 682 35 8
Westar Elementary School Middle Regular 682 35 8
Estrella Foothills High School High Regular 1,037 43 5

Westar Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 35
8
GreatSchools Rating

Westar Elementary School

  • Education Level: Middle
  • # of students: 682
  • # of teachers: 35
8
GreatSchools Rating

Estrella Foothills High School

  • Education Level: High
  • # of students: 1,037
  • # of teachers: 43
5
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,254
Property Tax -$301
Property Insurance -$61
HOA -$250
Property Management Fees -$99
CASH FLOW
-$85

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$340,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,139

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
  • $1,868

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,495
$1,495
RENT COMPS ANALYSIS
  • 16651 S 175th Drive Goodyear, AZ 1
    • 2 beds 2 baths ∙ 1,714 Sqft ∙ Built 2014 2 beds 2 baths ∙ 1,714 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17950 W Cedarwood Lane Goodyear, AZ 2
    • 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2017
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
PROPERTY LISTING DETAILS
Christopher Bole
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165258
Last Updated: 11/28/2020
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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