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2173 S 160th Lane Goodyear, AZ 85338

4 Beds 3 Baths 2,232 sqft Built 2005

$330,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $147.85
  • 3 Days on Market
  • MLS # : 6209477
  • Updated Date : 03/20/2021 at 15:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,232 sqft
  • Baths : 2 full , 1 half
Listing Agent

Venture Rei, Llc

Listing Agent's Description

Take a look at this charming home in Goodyear! This 4 bed, 2.5 bath home is exactly what you're looking for! Interior boasts a formal living/dining room with wood plank tile floors, crown molding, welcoming palette, & window blinds. Spacious family room gives a private space for you & your loved ones. The eat-in kitchen boasts stained cherry wood cabinets, granite counters/backsplash, track lighting, & patio access. The loft is great for an entertainment area. Spacious master suite has a private bathroom with dual sinks, & a walk-in closet. The backyard offers a covered patio where you can relax while enjoying your favorite beverage. Don't miss this wonderful opportunity! Schedule through ShowingTime.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sarival Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $94k302k

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

Neighborhood: Sarival Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8761646

* 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
Desert Edge High School High Regular 1,744 80 3

Desert Edge High School

  • Education Level: High
  • # of students: 1,744
  • # of teachers: 80
3
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,146
Property Tax -$250
Property Insurance -$71
HOA -$75
Property Management Fees -$99
CASH FLOW
-$131

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.

$330,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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-$4.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,557

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,345
1$1,3452$1,4253$1,5104$1,6005$1,785
$1,785
RENT COMPS ANALYSIS
  • 2173 S 160th Lane Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.68
    •  
  • 2688 S 161st Avenue Goodyear, AZ 1
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2006
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.61
    •  
  • 15956 W Cocopah Street Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2006
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.64
    •  
  • 16000 W Bartlett Avenue Goodyear, AZ 4
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2006
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 16050 W Mohave Street Goodyear, AZ 5
    • 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2006
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.85
    •  
PROPERTY LISTING DETAILS
Brandon Lavallee
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209477
Last Updated: 03/20/2021
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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