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16830 W Hilton Avenue W Goodyear, AZ 85338

4 Beds 4 Baths 3,229 sqft Built 2012

$460,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $142.46
  • 2 Days on Market
  • MLS # : 6168147
  • Updated Date : 12/05/2020 at 10:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,229 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

These don't come around often! Spacious, beautiful, highly upgraded single level home with new pool and landscaping. 4 bedrooms, 3.5 baths with additional large office/bonus room. The Kitchen has a gas cook top, wall oven, stainless refrigerator, island, granite countertops & upgraded cabinets plus a huge walk in panty. Large master suite has a huge walk-in closet, upgraded bathroom. One of the bedrooms has it's own en-suite bathroom and the other 2 secondary bedrooms share a Jack-n-Jill bathroom.The backyard has over $32,000 in recent (2017) upgrades featuring a pool with in-floor cleaning system, new landscaping and synthetic grass. Garage has shelving and overhead storage. Large corner lot with North/South exposure and nearby walking paths. Convenient to the 303, 10 & shopping

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Canyon Trails South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10101981

* 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
 

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

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,697
Property Tax -$307
Property Insurance -$90
HOA -$85
Property Management Fees -$99
CASH FLOW
-$218

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.

$460,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$13,013

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
  • $2,341

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,0434$2,2005$2,500
$2,500
RENT COMPS ANALYSIS
  • 16830 W Hilton Avenue W Goodyear, AZ 1
    • 4 beds 4 baths ∙ 3,229 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,229 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 742 N 166th Lane Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2001
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.67
    •  
  • 16759 W Mesquite Drive Goodyear, AZ 3
    • 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
    •  
  • 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
    •  
  • 16793 W Hilton Avenue Goodyear, AZ 5
    • 4 beds 4 baths ∙ 3,193 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,193 Sqft ∙ Built 2012
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
PROPERTY LISTING DETAILS
Lynda E Young
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168147
Last Updated: 12/05/2020
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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