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16755 W Adams Street Goodyear, AZ 85338

4 Beds 2 Baths 2,024 sqft Built 2007

$310,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $153.16
  • 4 Days on Market
  • MLS # : 6156647
  • Updated Date : 11/07/2020 at 12:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,024 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful 4 bedroom home located in the desired Canyon Trails community. Enter into a large great room that flows into the dining, Kitchen and living room area. This well kept home has large bedrooms, amazing natural light, and split floor plan. All appliances are included! The backyard is great for entertaining with a large covered patio, artificial grass for low maintenance, and fire pit.

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
Copper Trails School Primary Regular 922 39 6
Copper Trails School Middle Regular 922 39 6
Verrado High School High Regular 1,855 74 4

Copper Trails School

  • Education Level: Primary
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Copper Trails School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 39
6
GreatSchools Rating

Verrado High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,144
Property Tax -$207
Property Insurance -$67
HOA -$25
Property Management Fees -$99
CASH FLOW
-$71

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.

$310,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.47%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,056

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,472

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4703$1,4954$1,4955$1,525
$1,525
RENT COMPS ANALYSIS
  • 16755 W Adams Street Goodyear, AZ 2
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.73
    •  
  • 16733 W Melvin Street Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2005
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.68
    •  
  • 16657 W Polk Street Goodyear, AZ 3
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.74
    •  
  • 16564 W Melvin Street Goodyear, AZ 4
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2001
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.74
    •  
  • 16779 W Polk Street Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2005
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.75
    •  
PROPERTY LISTING DETAILS
Amanda Thomason
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156647
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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