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2654 S 171st Lane Goodyear, AZ 85338

4 Beds 4 Baths 2,568 sqft Built 2013

$350,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $136.29
  • 3 Days on Market
  • MLS # : 6184404
  • Updated Date : 01/22/2021 at 23:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,568 sqft
  • Baths : 3 full , 1 half
Listing Agent

Genesys Property & Investment

Listing Agent's Description

This home offers 2,568 sqft of living space in this two-story open floorplan, great room, open kitchen with dining, spacious upstairs bonus room for additional living. 3.5 bathrooms. One bedroom with private bathroom downstairs can be used as Mother-In-law suite. 2 car garage with opener, newly installed pendant Lighting , Granite Kitchen Countertops, Double built in oven. newly installed flooring in bedroomsBuyer to Assume Solar Loan. See documents section Low cost electric each month.Refrig, washer and dryer do not convey

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sin Lomas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $87k302k

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

Neighborhood: Sin Lomas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9801646

* 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
Centerra Mirage Stem Academy Primary Regular 569 24 4
Centerra Mirage Stem Academy Middle Regular 569 24 4
Verrado High School High Regular 1,855 74 4

Centerra Mirage Stem Academy

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 24
4
GreatSchools Rating

Centerra Mirage Stem Academy

  • Education Level: Middle
  • # of students: 569
  • # of teachers: 24
4
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,216
Property Tax -$227
Property Insurance -$77
HOA -$65
Property Management Fees -$99
CASH FLOW
-$64

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.

$350,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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$14k

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 50% 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

4.42

YEARS SAVED

$15,166

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
  • $1,733

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7254$1,8255$1,925
$1,925
RENT COMPS ANALYSIS
  • 2654 S 171st Lane Goodyear, AZ 1
    • 4 beds 4 baths ∙ 2,568 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,568 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17251 W Hilton Avenue Goodyear, AZ 2
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.61
    •  
  • 16775 W Durango Street Goodyear, AZ 3
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2007
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.71
    •  
  • 1533 S 173rd Drive Goodyear, AZ 4
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2002
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.67
    •  
  • 17219 W Hilton Avenue Goodyear, AZ 5
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2004
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.71
    •  
PROPERTY LISTING DETAILS
Jo L Takapu
Genesys Property & Investment
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184404
Last Updated: 01/22/2021
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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