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16726 W Pierce Street Goodyear, AZ 85338

4 Beds 2 Baths 2,682 sqft Built 2001

$460,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $171.51
  • 3 Days on Market
  • MLS # : 6209732
  • Updated Date : 03/19/2021 at 21:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,682 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous single level home with great curb appeal plus an RV gate. including water softener , Solar Panels Owned and paid for. Inside has formal living & dining areas. Open floor plan in the kitchen, dining and family room. The eat-in kitchen has an abundance of cabinets, appliances including built-in microwave & wall oven plus a full gas range. Built-in desk and walk-in pantry. Generous sized bedrooms. The large master has vaulted ceilings, sitting area, double vanity, separate tub & shower, walk-in closet and a private entrance to the back patio. . Large inside laundry room plus laundry sink. The beautiful backyard is an entertainers delight. Covered patio & Pebble-Tec Pool.

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
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,598
Property Tax -$307
Property Insurance -$79
HOA -$95
Property Management Fees -$99
CASH FLOW
-$358

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.

$460,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.40%

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,270

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,038

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,820
1$1,8202$2,0433$2,1954$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 16726 W Pierce Street Goodyear, AZ 1
    • 4 beds 2 baths ∙ 2,682 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,682 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.68
    •  
  • 16759 W Mesquite Drive Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2006
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,043
    • $0.70
    •  
  • 430 S 166th Avenue Goodyear, AZ 3
    • 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,764 Sqft ∙ Built 2006
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 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
Ana C Verdugo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209732
Last Updated: 03/19/2021
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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