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2201 S 166th Avenue Goodyear, AZ 85338

3 Beds 2 Baths 2,386 sqft Built 1980

$530,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $222.13
  • 4 Days on Market
  • MLS # : 6171233
  • Updated Date : 12/31/2020 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,386 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Highly sought out Sarival Gardens subdivision that is country living in Goodyear! Over an acre of land with No HOA! Bring your toys, horses & farm animals! This is an updated custom built block home with upgrades throughout! 2020 NEW Italian wood look porcelain tile, NEW kitchen granite counter tops! New Appliances! 2020 complete NEW Roof, NEW Bath/Shower surround tile w/NEW Moen fixtures! NEW interior paint & refinished cabinets throughout! Spacious Living Room with Stack stone WOOD burning fireplace. Kitchen/breakfast room look out to an absolute oasis of a backyard. You'll enjoy wide open spaces with refreshing swimming pool, kids' play set, pipe fenced/cross fenced backyard, horse privileges, flood irrigation, grass & mature landscaping. Extended covered patio, RV parking

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $96k302k

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

Neighborhood: Central Goodyear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10181646

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

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

Desert Edge High School

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

$477,000$583,000$530,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,955
Property Tax -$303
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
-$431

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.

$530,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.2%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,769

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
  • $1,694

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,795
$1,795
RENT COMPS ANALYSIS
  • 2201 S 166th Avenue Goodyear, AZ 1
    • 3 beds 2 baths ∙ 2,386 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,386 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15844 W Apache Street Goodyear, AZ 2
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2000
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.61
    •  
  • 16267 W Monroe Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2000
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
PROPERTY LISTING DETAILS
Patricia Van Houten
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171233
Last Updated: 12/31/2020
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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