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16714 S 178th Drive Goodyear, AZ 85338

2 Beds 2 Baths 1,375 sqft Built 2016

$289,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $210.18
  • 4 Days on Market
  • MLS # : 6156714
  • Updated Date : 11/07/2020 at 20:37
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,375 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Enjoy Resort Style Living in this exclusive guard gated award winning 55 plus community of CantaMia! This Beautiful Libretto open floor plan is move in ready. Large great room & dining area. 2 bedrooms, 2 baths, plus a den. Pavered front and back patios . Beautifully landscaped backyard. Recreation Center includes Workout Facility, Indoor & Outdoor Pools, Spa, Sports Courts, Art Studio, Clubs, Walking & Bike Trails.

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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,066
Property Tax -$256
Property Insurance -$54
HOA -$250
Property Management Fees -$99
CASH FLOW
-$185

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.

$289,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

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

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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,540

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4953$1,540
$1,540
RENT COMPS ANALYSIS
  • 16714 S 178th Drive Goodyear, AZ 3
    • 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,375 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.12
    •  
  • 16740 S 180th Avenue Goodyear, AZ 1
    • 2 beds 2 baths ∙ 1,220 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,220 Sqft ∙ Built 2016
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.15
    •  
  • 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
Melissa Lopez
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156714
Last Updated: 11/07/2020
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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