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2173 N 164th Avenue Goodyear, AZ 85395

2 Beds 3 Baths 2,790 sqft Built 2007

$614,500

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $220.25
  • 4 Days on Market
  • MLS # : 6183782
  • Updated Date : 01/21/2021 at 18:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,790 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Impeccably maintained property located in the highly sought after Robson Community of Pebblecreek! This Estancia model features 2 bedrooms, a den with double french doors, and 2.5 bathrooms. Who doesn't love a home with a THREE car garage? The eat in kitchen will surely win you over. Here you will find 42'' cabinetry with crown molding, and pull out shelving, Granite counters, Stainless appliances with GAS range, wall oven and microwave, an oversize island, a bar height counter with plenty of seating, a dedicated pantry, and a convenient built in desk area to keep you organized! The spacious dining area opens to the family room. The master suite is very generous in size as well as the master bathroom and huge walk in closet! The master bath boasts a separate shower and tub as

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
 

$553,050$675,950$614,500

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,134
Property Tax -$598
Property Insurance -$82
HOA -$38
Property Management Fees -$99
CASH FLOW
-$630

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.

$614,500

PROJECTED PRICE

$2,320

PROJECTED RENT

0.38%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,593

INVESTMENT

$168,593

Down Payment
$153,625
Rehab Estimate
$5,750
Closing Costs
$9,218

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,134

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,625
Loan Amount $460,875
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,530

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,3003$2,3204$2,500
$2,500
RENT COMPS ANALYSIS
  • 2173 N 164th Avenue Goodyear, AZ 3
    • 2 beds 3 baths ∙ 2,790 Sqft ∙ Built 2007 2 beds 3 baths ∙ 2,790 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.83
    •  
  • 3395 N 150th Drive Goodyear, AZ 1
    • 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 2000
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 3326 N 150th Drive Goodyear, AZ 2
    • 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 1999 2 beds 2 baths ∙ 2,449 Sqft ∙ Built 1999
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 3027 N 164th Avenue Goodyear, AZ 4
    • 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
    •  
PROPERTY LISTING DETAILS
Mary Jo Santistevan
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183782
Last Updated: 01/21/2021
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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