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2716 S 159th Avenue Goodyear, AZ 85338

3 Beds 2 Baths 1,594 sqft Built 1996

INVESTimate

$299,900

List Price

$1,380

$1,242 - $1,518

Rent Est.

$320,773  ( +6.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $188.14
  • 6 Days on Market
  • MLS # : 6120462
  • Updated Date : 08/23/2020 at 12:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,594 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

What a FANTASTIC, move in ready HOME! The open floor plan boasts 10ft ceilings throughout. Newly updated, high quality, soft close, cabinetry in the kitchen. Gorgeous, granite countertops and stainless steel appliances( Fridge does convey) SOOO MANY amazing details! To many to note them all. This home has NO HOA, a 3 car GARAGE, and a LARGE RV gate. Plus a large backyard ready to make your own. This home will SELL QUICKLY.

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 Star School Primary Regular 710 30 5
Desert Star School Middle Regular 710 30 5
Desert Edge High School High Regular 1,744 80 3

Desert Star School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 30
5
GreatSchools Rating

Desert Star School

  • Education Level: Middle
  • # of students: 710
  • # of teachers: 30
5
GreatSchools Rating

Desert Edge High School

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

$269,910$329,890$299,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,107
Property Tax -$200
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$84

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.

$299,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.96%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$14,199

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
  • $1,379

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3954$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 2716 S 159th Avenue Goodyear, 1
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15747 W Shiloh Avenue Goodyear, 2
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1988
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 16023 W Williams Street Goodyear, 3
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2004
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 16028 W Meade Lane Goodyear, 4
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2004
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 2134 S 160th Lane Goodyear, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Yvonne Danielle Collins
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120462
Last Updated: 08/23/2020
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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