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2584 S 158th Court Goodyear, AZ 85338

4 Beds 2 Baths 1,552 sqft Built 1989

$350,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $225.52
  • 2 Days on Market
  • MLS # : 6193950
  • Updated Date : 02/14/2021 at 01:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,552 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Every detail of this single story 4 bedroom 2 bath home pool home has been designed and updated in 2021. The home boasts a great room floor plan with hardwood style flooring, cathedral ceilings recessed lighting, unique office nook, and large feature accent wall. New white shaker soft-close cabinets, black granite countertops, stainless electric appliances and separate pantry in kitchen. Large master suite with door that leads to the patio and new pebble tech pool as well as a generous walk in closet tiled shower and dual vanities, 3 additional bedrooms and bathroom. All new hardware/fixtures, fresh paint inside and out, new synthetic grass, 2 car garage close to schools and Goodyear Ballpark, on a cul-de-sac make this a truly special home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k302k

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

Neighborhood: Estrella Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621646

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,216
Property Tax -$233
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$246

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.

$350,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,428

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,360
1$1,3602$1,3653$1,4004$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 2584 S 158th Court Goodyear, AZ 1
    • 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.88
    •  
  • 15934 W Kendall Street Goodyear, AZ 2
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 2003
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,365
    • $0.87
    •  
  • 15572 W Durango Street Goodyear, AZ 3
    • 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 2003
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 2134 S 160th Lane Goodyear, AZ 4
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2004
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 2419 S 159th Lane Goodyear, AZ 5
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
PROPERTY LISTING DETAILS
Aimee D Cornett
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193950
Last Updated: 02/14/2021
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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