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16938 W Virginia Avenue Goodyear, AZ 85395

2 Beds 3 Baths 2,074 sqft Built 2019

$494,900

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $238.62
  • 2 Days on Market
  • MLS # : 6170562
  • Updated Date : 12/12/2020 at 11:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,074 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

This gorgeous Alora Model home with mountain views is located in the guard gated Pebblecreek community! The home has had $39,500 in upgrades including landscaping, window coverings, water softener, new door, and electrical upgrades! This beautiful ranch style home features 2 bedrooms, 2.5 bathrooms and 2,074 square feet! As you walk into this home you will notice the 11ft ceilings in the great room, the 42'' upper cabinets, quartz counter tops in the kitchen paired with a block glass backsplash, and stainless appliances. This home also includes wood like tile flooring, LED lighting, gas firepit in the backyard, golf cart garage, and North/South exposures! The master bathroom contains quartz countertops and a massive walk-in closet! Pebblecreek offers an amazing 54 holes of amazing golf!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pebblecreek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k405k

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

Neighborhood: Pebblecreek

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
Scott L. Libby Elementary School Primary Regular 744 33 8
Scott L. Libby Elementary School Middle Regular 744 33 8
Verrado High School High Regular 1,855 74 4

Scott L. Libby Elementary School

  • Education Level: Primary
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Scott L. Libby Elementary School

  • Education Level: Middle
  • # of students: 744
  • # of teachers: 33
8
GreatSchools Rating

Verrado High School

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

$445,410$544,390$494,900

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,826
Property Tax -$606
Property Insurance -$68
HOA -$38
Property Management Fees -$99
CASH FLOW
-$496

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$494,900

PROJECTED PRICE

$2,140

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$133,149

INVESTMENT

$133,149

Down Payment
$123,725
Rehab Estimate
$2,000
Closing Costs
$7,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,725
Loan Amount $371,175
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,562

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
  • $2,136

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8504$1,950
$1,950
RENT COMPS ANALYSIS
  • 16938 W Virginia Avenue Goodyear, AZ 1
    • 2 beds 3 baths ∙ 2,074 Sqft ∙ Built 2019 2 beds 3 baths ∙ 2,074 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15815 W Windsor Avenue Goodyear, AZ 2
    • 2 beds 3 baths ∙ 1,783 Sqft ∙ Built 2012 2 beds 3 baths ∙ 1,783 Sqft ∙ Built 2012
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
  • 16038 W Windsor Avenue Goodyear, AZ 3
    • 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2004
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 3051 N 160th Avenue Goodyear, AZ 4
    • 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,829 Sqft ∙ Built 2001
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
PROPERTY LISTING DETAILS
Jason L Penrose
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170562
Last Updated: 12/12/2020
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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