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2120 N 166th Drive Goodyear, AZ 85395

2 Beds 3 Baths 2,475 sqft Built 2015

$780,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $315.15
  • 2 Days on Market
  • MLS # : 6194039
  • Updated Date : 02/13/2021 at 20:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,475 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Living in PARADISE will be YOU in this absoultely stunning TESORO home! Owners thought it would be their forever home so no ''short cuts'' taken in selections, comforts and enjoyment! Let their new adventure create a new beginning for you! Upgrades started with all the extensions possible (dining room, den, owners suite & closet, covered patio and garage)! Kitchen features Quartz counter tops, Cape Cod Maple cabinets w/Coconut stain, 2-1/4'' crown molding, udermount Blanco sink, Delta Touch2o faucet, under cabinet lighting, Monogram SS appliances, roll-out shelving, Ash dovetail drawers w/full extension, soft close drawer glides and soft close hinges on cabinet doors. Valet with walk-in pantry. All options for added cabinetry include all upper cabinets in great (there's more!)

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
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
 

$702,000$858,000$780,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,709
Property Tax -$758
Property Insurance -$75
HOA -$38
Property Management Fees -$99
CASH FLOW
-$960

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.

$780,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.35%

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) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$212,450

INVESTMENT

$212,450

Down Payment
$195,000
Rehab Estimate
$5,750
Closing Costs
$11,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,709

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $195,000
Loan Amount $585,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$235

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,958

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7203$3,000
$3,000
RENT COMPS ANALYSIS
  • 2120 N 166th Drive Goodyear, AZ 2
    • 2 beds 3 baths ∙ 2,475 Sqft ∙ Built 2015 2 beds 3 baths ∙ 2,475 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.10
    •  
  • 3027 N 164th Avenue Goodyear, AZ 1
    • 2 beds 3 baths ∙ 2,541 Sqft ∙ Built 2014 2 beds 3 baths ∙ 2,541 Sqft ∙ Built 2014
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 15481 W Piccadilly Road Goodyear, AZ 3
    • 2 beds 2 baths ∙ 2,131 Sqft ∙ Built 1996 2 beds 2 baths ∙ 2,131 Sqft ∙ Built 1996
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.41
    •  
PROPERTY LISTING DETAILS
Donna M Strand
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194039
Last Updated: 02/13/2021
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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